ODN 0.00% 0.0¢ odin energy limited

It seems that you do not understand how to perform analysis. 10...

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    It seems that you do not understand how to perform analysis.

    10 cents or $0.100 is the price after the consolidation. We do not know what will be the consolidation ratio since we do not know the actual share price before consolidation. Therefore, we do not know the magnitude of dilution that current shareholders will face after the acquisition.

    Please read the following ODN's disclosure

    Quoted
    The consolidation ratio is yet to be determined, but by way of example, the effective price of shares issued under the Offer would be adjusted to:
    (i) 6 cents per share on a 1:5 consolidation of capital;
    (ii) 30 cents per share on a 1:25 consolidation of capital; and 5
    (iii) 60 cents per share on a 1:50 consolidation of capital.

    The intended equity capital raising referred to in (b) above, which would take place subsequent to a consolidation of capital, if undertaken, is expected to take place at a price of 10 cents per share

    unquoted:

    The above consolidation price assumes that the share price would be $0.012 before share consolidation.

    Consolidation price is 6 cents = $0.06 = 0.012 x 5 (consolidation ratio 1:5)
    Consolidation price is 30 cents =$0.30 = 0.012 x 25 (consolidation ratio 1:25)
    Consolidation price is 60 cents = $0.60 = 0.012 x 50 (consolidation ratio 1:50)

    If consolidation price is 10 cents = $0.10 = $0.012 x 8.33 (consolidation ratio 1:8.33)
 
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