They're starting to issue shares and like toilet paper.
284m shares on issue in January last year. (ANN 07/01/16)
569m shares on issue today.
155m shares to be issued if SP exceeds 0.006c in September next year. (ANN 20/09/16)
25m shares issued for free today. (ANN 04/03/17)
125m shares (at a minimum) to be issued if MEM doesn't pay back $500,000 by April 2018 (ANN 04/03/17)
Potential shares on issue by September 2018 =
874mil
Potential increase of 207% in less than 3 years.
The tech might be great, but if they keep issuing options and shares they will continue to cap the SP.
Ann: Commence next phase of SpermSep Development and new funding, page-2
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Change
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Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $25.15K | 5.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 18776263 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10551662 | 4 |
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| MEM (ASX) Chart |
