With SKG closing at 66c........Cornells get their $25000k worth of shares at 66c less 6%
Effectively now sets the share price at around 60c.
And a greater share dilution as more and more share need to be issued to satisfy the Cornell debt.
Its not looking good on a technical or fundamental basis.
The Russian Deal is weighing heavily on shareholders and whilst this is not a very liquid stock and share price moves can be erratic....the trend is worrying.
For those like Brad who paid 87c last week.....they are now down 25% on their investment.
I said it before SKG have put all their eggs in this Russian deal......if they fail to deliver....it will be a bloodbath!
- Forums
- ASX - By Stock
- skg closes at 66c so cornells get a 6% discount to
SKG
skynetglobal limited
With SKG closing at 66c........Cornells get their $25000k worth...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SKG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online