71 million shares were issued for the capital raise at 14 cents which raised $10 million.
At our current share price a $4.5 million share buyback would negate the dilution caused by the capital raise and we would still retain $5 million for operations.
If the company does not have a plan for the money it should be returned to shareholders.
Shares Price Raised 1 Capital Raise at $ .14 71,064,286 $0.14 $9,949,000 2 3 Cost 4 Buyback at $.06 71,064,286 $0.060 $4,263,857 5 6 Balance $ $5,685,143
Petition to get Kin to buy-back shares on market, page-3
Add ICI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.86M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $2.954K | 183.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 781270 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
1.6¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 1.6¢ | 1.7¢ | 1.6¢ | 44705 | ||
| Last updated 14.57pm 14/06/2024 ? | |||||
| ICI (ASX) Chart |