CB, it is alarming having to teach corporate finance 101 on a public forum to someone seeking to impose their own board on a company.
Please understand that if a company with 1000 shares on issue were to issue 1 share at a 99% discount this would not be equivalent to 99% dilution. You need to look at both the market cap and the discount. So 20% discount but issuing more than double the current market cap in shares will lead to more than 20% dilution!
Should be alarming to everyone that you think you can have a hand directing the future of the company. Maybe you believe maths is herecy or "BS"?
New Direction Position Statement 14th July 2017, page-19
Add CTP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |