SSS 3.92% 4.9¢ sam's seafood holdings limited

Just be careful.There is 784m shares on issue and another 630m...

  1. 12,704 Posts.
    lightbulb Created with Sketch. 266
    Just be careful.
    There is 784m shares on issue and another 630m to be issued with 95m for the capital raising.
    There is also 229m options and another 150m performance ones and 12m more with the capital raising.
    That's 1.9billion when all converted.
    That's a market cap of $115m without any drilling yet.(@6c)
    I notice the same thing with krl.
    464m shares plus another 185m to be issued and $25m to raise also.That's a market cap of $195m and then they issue 110m 1c options.($230m if options converted)
    SSS fully diluted $400m by christmas.!!!!!!!!!
    SRL has a market cap of $400m
 
watchlist Created with Sketch. Add SSS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.