The trouble is we don't know if it is 2m NPAT.
Also consider if the 12 for 20 consolidation is still going to happen, and effective shareprice now is 70 odd cents, then that means the 20 cent placement is at 70% discount?
This one was great for a trade, but given that even once listed as Bulletproof, then there will be a better chance for investors to get on board given the significantly more shares that will be available.
I personally think there are still too many unknowns here, depends on the ratio of what existing shareholders get.
If 1 for 1 prob fair value. 12 for 20 then could be a sp fall.
in the right industry reminds me of dot com , page-42
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $10.97M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.6¢ | $16.01K | 972.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 224715 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 244044 | 2 |
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| Last trade - 14.04pm 18/11/2024 (20 minute delay) ? |
| SPA (ASX) Chart |
