This will allow buyers to bid in 10% increments.
Example :
As of now
- Holder of 5 units - offer for 50% of Phoenix leaves holder with 2.5 units... Doesn't work...
- Holder of 3 units- offer for 40% leaves holder with 1.8 units... Doesn't work
New structure
- Some who held 5, will now hold 50.... 50% works
- Some who held 3 now holds 30... 40% works
A raise now... The split doesn't make sense for the simplicity of a raise, unless it was a pre curser for IPO listing.
Either way there's movement, hopefully some clarity on webinar day
- Forums
- IPOs
- Phoenix Water - PXW - Lithium - 100x
Phoenix Water - PXW - Lithium - 100x, page-1837
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