SKG skynetglobal limited

re: should be up 1% today SKG have another new issue of shares...

  1. smuggler
    8,265 Posts.
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    30/05/05
    09:59
    Post #: 926520
    re: should be up 1% today SKG have another new issue of shares early this week.

    They have to repay the $850000 by $25000 worth of shares every two weeks at a 6% discount to the lowest trading price in the 5 days preceding the issue.

    I would say this pressure will continue until there is clarity over this Russian money.

    Its a huge amount of money and SKG have hung their hat on it.



    SKG Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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