We need to consider how much the new shares dilute the existing value.
Based on Yahoo data : they now have 872.6M shares
So if that number is correct the new shares make 5.5% of the existing shares. So not bad.
New Shares Issue, page-4
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Mkt cap ! $15.96M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 26968359 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 129390846 | 29 |
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