Ann: Adjournment of General Meeting, page-15

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minoil

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18/01/18

17:16

Post #: 30397467
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Originally posted by FreeYourself ↑

Ahh I hadn't considered the cash aspect. Cheers. So if everyone takes up their rights, especially the T5 then really the only dilution comes from the vend which will make up about 5% of the SOI post consol and raise. So effectively all holders are giving up 5% of their portion of the cash from that sale. However, if the RI has a huge shortfall and its spread among say CPS then things are different. It surprises me these low ball RI's after/during recaps ever have shortfalls but i imagine there are alot of LT holders trapped way higher who hate this company with a passion and dont want to throw any more capital at it.

TBH it could be alot worse for existing holders and their could have just been a placement and no RI although they'd require SH approval to make it significant enough to be worth it......although they could always do a placement in a couple months after the RI fo 25% of total SOI?

So when this comes out of halt, the consol will have gone through and it'll be trading at 45c with a couple of weeks before the rec date hey. Ill keep and hey on it for sure

No worries Joe, I hadnt even see the other posts. I understand whay you mean byt he 1 day shift for receipt of vote forms. You never know, maybe a strategic vote was late.

Interesting one to follow anyway.

Cheers

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" it'll be trading at 45c".............and there we have another quandary.....trading at 45cents, yet the rights issue will be at 2cents.........so, where will the happy medium be??....we have a theoretical number which should be around 4.7cents. Hence those who dont participate get dusted (part of the cunning plan??).
Where the shares will trade will be anyones guess, and given that so many folk get confused and panic stricken, then trading will be volatile to say the least

HAR Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $2.954M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	45000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	19978	2

View Market Depth

No.	Vol.	Price($)
2	5454	0.040
2	35429	0.035
3	180400	0.034
1	32290	0.031
2	250000	0.030

Price($)	Vol.	No.
0.044	14000	1
0.045	20000	1
0.053	50000	1
0.060	190328	1
0.070	42000	1

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