PT,
Could not agree more, it makes sense to do a SC.
Lets say they go for a $100 Million @ 9 cents it would add another 1.1 Billion shares to the register.
Pushing the total well towards 5 Billion shares on issue and I believe that is unacceptable.
The ugly reality may be that they more than likely move back from 9 cents PS for CP, so they will need to move quickly on this to make it as painless as possible.
PT, Could not agree more, it makes sense to do a SC.Lets say...
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Last
13.5¢ |
Change
-0.008(5.26%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $5.052K | 37.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 67803 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 18428 | 2 |
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| Last trade - 13.41pm 18/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |