You guys are being taken for a ride. Let's not beat around the bush. The company is trying to do a consolidation at the same time as a CR to make it confusing just how diluted your holding will become after the CR.
I had to get out the calculator to work it out as they have done a great job concealing it. Existing holders currently own 100% of the company. After the CR, existing shareholders will own a paltry 9% of the company. Which holders in their right mind would support that?! Especially ones that have already had their holding dithered away by 4 CRs in 2.5 years.
This is a company that has just stated that it now has operating costs of $100-110k/month with annualised sales of $3.12 based on the first 5 months of 2019. So in theory they should be cash flow positive almost $150k/month at that rate. Why the need for the CR? Something smells fishy and has for a long time with this company.
Goodluck to holders!
- Forums
- ASX - By Stock
- SWP
- WE HAVE THE POWER
WE HAVE THE POWER, page-16
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SWP (ASX) to my watchlist
|
|||||
Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $45.80M |
Open | High | Low | Value | Volume |
22.5¢ | 22.5¢ | 22.0¢ | $41.37K | 186.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3317 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 36968 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3317 | 0.220 |
2 | 114536 | 0.215 |
3 | 39415 | 0.205 |
2 | 40004 | 0.200 |
1 | 15389 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 36968 | 1 |
0.235 | 27500 | 1 |
0.250 | 20086 | 1 |
0.255 | 4000 | 1 |
0.260 | 111100 | 1 |
Last trade - 15.57pm 06/09/2024 (20 minute delay) ? |
Featured News
SWP (ASX) Chart |