Amazing this was allowed back on at 20c or around $300m cap with barely any assets. I assume the hundreds of millions of shares recipients bandied together to get the $3m raising away.
If 100 free shares were issued for each 1 paid share, that's around 0.2c per share.
Given where the share price is now with some overhang still lingering it might be worth a punt if you believe the holders plan to keep distributing assuming the company is a distribution vehicle from overseas. Wouldn't surprise to see a small raise at a premium (similar scenario to relisting but not at same price) at some stage.
Register movements are identifiable comparing last weeks annual report with February.
High risk but could spike, watching closely atm.
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