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11:59
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Originally posted by The Bizz
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The ICI ANN is in effect a Cap Raise for them....16.5 Mill Shares at a premium issue price of 8c to raise $1.32 Mill...This is good forAB1 because they now have cash to pay us the $750,000 owing,which from their last 4C don't think they had?However the issue of 16.5 Mill Shares to eSports.com AND the issue of some 25 Mill Shares to AB1 will have a dilution effect to them.A nice deal for ICI ...and down the track could help their SP which inturn benefits us.Their 'on market 'SP remains about 6.4c...Even tho we hold shares in ICI,and their strength helps our bottom line...Are they still not a competitor in our space???Will esports.com consider AB1 as an investment too???
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Make that 6.9c now for ICI
hopefully the Ann will get them past the .8c raise price.There's a chance AB1 will sell some of these at some point for a few extra bucks...IMO
