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0.00% 0.1¢ alcyone resources ltd

Ann: Alcyone Secures $5.5M in Funding , page-26

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  1. sunnyskies
    6,176 Posts.
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    07/03/13
    10:23
    Post #: 11507994
    so 7mil for .029cents and 25mil shres issued free, as a fee for the convertible note issue. which in turn will be $1.3m divided by vwap...so maybe 50m shares at 2.5cents? 2 issues is 100m shres right?
    giving 25m shares away is a very steep price! it doesnt make sense to me
    AYN Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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