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
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $26.89M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 2.0¢ | $6.547K | 327.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 502636 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 507614 | 5 |
View Market Depth
| Last trade - 13.51pm 21/05/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
-0.001 ( 4.76 %) |
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| Open | High | Low | Volume | ||
| 2.0¢ | 2.0¢ | 2.0¢ | 63800 | ||
| Last updated 12.55pm 21/05/2024 ? | |||||
| ICI (ASX) Chart |