To show the significance of RAD's Ts & Cs here are the facts that has wiped out retail from RAD. Remember, in case of an t/o there is compulsory acquisition by the suitor when holds more than 90%. This can happen to IMU as well.
$62.5m / 4c = 1.56b shares
2 x $7.5m / 5c = 300m shares
about 450m existing shares plus new oppies = about 600m shares
total amount about 2.4b fully diluted. If before today about 240m shares were held by retail then from today retail hold a max of 10% combined. What does it mean?
The poison pill holding more than 10% - retail - is most likely gone. Hopper now just has to deal with a handful instos and that's what he wanted.
Hopper ALL, retail Zero.
Media Thread, page-14322
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5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.2¢ | $384.2K | 7.271M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1723946 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 905438 | 6 |
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| IMU (ASX) Chart |