CND 15.6% 2.7¢ condor energy limited

prospectus, page-44

  1. 1,834 Posts.
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    Skattie,before you rush out and buy more BKP shares @ $0.005
    via new issue participation,please study the following:-

    Shares on issue= 2,045,655,046 @$0.005=$10,378,275
    New shares to be issued= 518,913,761
    Total Shares on issue=2,594,568,807 @$0.005=

    $10,378,275(CV), divided by 2,594,568,807=$0.004.C.M.V.

    As you can see, the capital value of BKP has not increased, (and why should it?),it remains the same as per pre-issue.
    In other words, the same size pie, has to be divided into a greater number of slices
    EACH AT A LESSER CAPITAL VALUE!!

    If you wish to avoid dilution of capital,then recover the outstanding loans,reduce directors emoluments and finance the up-coming field works internally...







 
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