20 over 60 equals 0.333333333 time 100 equals 33.33333 %
The irony of this spp situation is that they probably had a better chance of raising the money from punters last year when the sp was over 60 cents. The share price collapse has left shareholders bleeding and well in the red. That makes it very difficult for punters to open their pockets and flush more down the loo.
I will be stunned if any of the directors take up their spp entitlement.
GSL Price at posting:
17.5¢ Sentiment: None Disclosure: Held