In June 2015 approximately 130 million options over ordinary shares fall due. These are priced at A$0.05. MOKO expects to raise approximately A$6.5million in capital that will be used for ongoing working capital. In addition, MOKO received a Research & Development rebate of A$0.95million in April 2015 which can also be used to fund working capital.
Why would not the share price drop to somewhere over 5 cents in June 2015?
MKB Price at posting:
14.5¢ Sentiment: None Disclosure: Held
