ATU 0.00% 0.5¢ atrum coal limited

'that is all'... followed by 3 consecutive posts on the topic....

  1. 191 Posts.
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    'that is all'... followed by 3 consecutive posts on the topic. The irony is amazing.

    Tarzan... it’s very easy to simply disregard my comments as ramblings of an idiot (without actually refuting them). But please can you at least explain the following.

    Let’s assume the below figures for Kuro (or of course please feel free to correct them where I’m wrong):

    Spin Out Shares: 46m (being 1 for every 4 Atrum shares)
    IPO Shares: 35m (@20c)
    Total Shares: 81m
    Total Market Cap: $16.2m

    Now let’s assume the position of a fictional person: Manager1. He holds 10% of shares allocated to him by means of the Spin Out (4.6m). And let’s also say for simplicity, they are allocated 10% of the shares which they take up in the IPO (3.5m). They hold 10% of Kuro at all times. Their position is clearly not diluted with an increase in price to 40c. In fact – all they have done is double the value of their investment from the IPO allocation.

    If you were Manager1... who has influence over these decisions... would you raise capital at 20c or 40c?
 
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