Dont be discouraged ABPerth. As I have stated needed to get out due to dilution and been there, done that with share price. Today had a few announcements. One i found interesting.
a) 70,000,000 Issue date of shares was 20 March 2019. Date agreed to issue price was 13 March 2019 which means that the minimum issue price requirement in LR 7.1A.3(a) applies. The VWAMP calculation for 15 days prior to agreement of issue price pursuant to LR 7.1A.3(a) was $0.0623 per share and 75% of this VWAMP is $0.0467. The source of the VWAMP calculation is Orient Capital Pty Ltd
My dilution and sp fall were to be expected. (told you I sold at 8.1c.) This section also pointed out a fact I did not realise. 1. The purchase was for LESS that 0.05. May be flooding the market at this time. 2. Had not seen the Chinese connection that was put forward by other investor's / posters. The calc was by "Orient Capital P/L.".
Will follow the share price from now on and not comment. Don't want to be a pain in the ar#/.
As always, best of luck to those that hold out for better days.
NTU Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
