IFS had 206m shares on issue and they planned to raise $8m(40m shares & 20c)($7.25m after costs) which would have been 246m shares with a market cap of $49.2m. With tha capital raising now and aos cash and assets equvalent to over $7m and only 162m shares on issue,thats nearly 30c equivalent. That's 23c for ifs shareholders(through dilution) or 1.8c for aos shares pre consolidation. It's a win for all as the new new options for ifs sharesholders will be in the money soon and aos shareholders would nearly double their last price.
AOS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
