SRS
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0.00% 6.7¢ spicers limited

Shares buy back

  1. htran7528
    2,938 Posts.
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    29/03/17
    12:32
    Post #: 23704446
    After the conversion, there will be somewhat 1.4 billions new shares issued

    The selling pressure will be tremendous.

    I would suggest for management to put in place a share buy back program to support the price at around the 5 cents mark.

    Rough calculation suggest equity per shares is around 6.6 cents. NTA per share is around 5.4 cents each.
    SRS Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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