I believe they will raise $3.8mill. So that’s an issue of approx. 8,200,000 shares.
If say 600 out 900 shareholders subscribe to the SPP than that’s and ave of 6333 shares each or $2913.00 to fill the SPP. It will be massively oversubscribed on these numbers. If the stock can site around .50c or above, than many will dive in.
I am thinking that if you ask for 15k of stock you might get 7k.
I don’t think they will scale back options 1, 2 or possibly 3 (option 1 $1000.00, option 2 $2500.00, or possibly? – option 3 $5000.00) but all other amount will be scaled back.
I think I will try to buy more stock if I see say 47.5c and might only apply for $5k in SPP because if stock trades under a little pressure it might get down to that, but I don’t think it will be there for long. Once the CR / SPP are out of the way more great announcement will follow and away we go.
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Last
17.5¢ |
Change
0.015(9.38%) |
Mkt cap ! $17.96M |
Open | High | Low | Value | Volume |
16.5¢ | 18.0¢ | 16.5¢ | $44.79K | 259.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 3038 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.170 |
1 | 30000 | 0.165 |
2 | 38750 | 0.160 |
3 | 71065 | 0.155 |
3 | 166666 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 3038 | 1 |
0.180 | 24560 | 2 |
0.195 | 5658 | 1 |
0.200 | 130000 | 1 |
0.220 | 94586 | 4 |
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