"next time state that it is your guesstimate first rather than saying 'it looks like a full subscription at this stage' with no evidence."
Since my last post was moderated to oblivion. I try it again here with some scientific approach:).
As I understand the phase "It looks like" is a suggestion of something may or may not happen based on observation or guesstimate, or whatever without a clear proven evidence.
Again, I would repeat it here.. It looks like a full subscription at this stage, until announce otherwise by the company.
Based on the following observation and assuptions:
(1) MEL is consistently traded above 20c over the last two weeks.
(2) Most of the shareholders here declared to have subscribed in full last week, including me.
(3) Assuming 1/3 of the 5,300 shareholders apply in full would see a demand of 125mil+ shares
(4) The SPP is capped at 100mil shares....and so on...
No time to repeat again... so Happy ?
It makes little different to the SP whether you wish to apply on the last day or let it pass.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3778476 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.004 |
13 | 25157992 | 0.003 |
10 | 22370899 | 0.002 |
9 | 64603690 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3401986 | 6 |
0.006 | 1458000 | 2 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
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