Be interesting to see how it performs next week - all shareholders as at 28 April will receive non renounceable entitlement to subscribe for additional shares at $1.16. Letters went out today I think. Up to 17.5 million new shares will be issued (currently about 100 million shares on offer) so I guess holders will receive approx 1 for 5 entitlement. Not everyone will have the funds to buy extra shares I wouldn't be surprised to see a bit of selling next week as they hope to sell at $1.30 plus and pick up their entitlement at $1.16. Anyone agree?
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Mkt cap ! $4.084M | |||
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