Like yourself Chalkey, I'm extremely bullish on this company and always hesitate before posting something objective however we all know that many of these insto's in cap raisings like to cash in profits quickly without taking time to look at the l/term fundamentals.
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mdc,
"I will be applying for the full $15,000 worth but will be happy with $10 to $12 thousand which is about where I think we will end up at."
Hope you're right, you're a lot more optimistic than I am. There's over 7000 shareholders entitled to take up this offer of just over 71mil shares to raise $20mil.
From our 7000 s/holder base to fill total subscription:
1333 s/holders x $15,000
2000 s/holders x $10,000
2857 s/holders x $7,000
4000 s/holders x $5,000
5000 s/holders x $4,000
6666 s/holders x $3,000
There's not much doubt this will be over-subscribed imo plus we should expect more positive news before the offer closes and I would have it a guess that Nasdaq listing approval will be announced sometime between June 14-24 allowing the 10 days post SEC approval to commence trading on the US exchange after the offer has closed.
Imo
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31.0¢ |
Change
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Mkt cap ! $450.9M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 30.5¢ | $179.9K | 577.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 326400 | 31.0¢ |
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Price($) | Vol. | No. |
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31.5¢ | 189792 | 26 |
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No. | Vol. | Price($) |
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32 | 326001 | 0.310 |
27 | 323302 | 0.305 |
29 | 512868 | 0.300 |
13 | 145879 | 0.295 |
15 | 329558 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 181406 | 22 |
0.320 | 208535 | 16 |
0.325 | 351880 | 8 |
0.330 | 41774 | 5 |
0.335 | 326676 | 6 |
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