EGO 0.00% 12.0¢ empire oil & gas nl

Why 100:1?

  1. 225 Posts.
    In the event that we have to raise more capital the 100:1 consolidation would seem to be most efficient. It will also reduce the trading spread as you can see in the table attached.

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10
    0 Per tick Consolidation Ratio Buy Sell Spread VWAP (50:50) Discounted 25% Shares required to raise $1m Equivalent Shares (pre-consolidation) Efficiency
    1 $   0.001     $   0.004   $   0.005 20.00%   $ 0.0045   $ 0.0034 296,296,296 296,296,296 68%
    2 $   0.005 25   $   0.120   $   0.125 4.00%   $ 0.1225   $ 0.0919   10,884,354 272,108,844 74%
    3 $   0.005 50   $   0.245   $   0.250 2.00%   $ 0.2475   $ 0.1856 5,387,205 269,360,269 74%
    4 $   0.005 100   $   0.495   $   0.500 1.00%   $ 0.4975   $ 0.3731 2,680,067 268,006,700 75%
    5 $   0.010 200   $   0.990   $   1.000 1.00%   $ 0.9950   $ 0.7463 1,340,034 268,006,700 75%
 
watchlist Created with Sketch. Add EGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.