The new firm will see Ingot having more than 65% of share (50% + (30% x 50%)).
Also it is understand that new firm will riase fund by borrowing and issuing convertable notes to Ingot at the early days of Vix-Erg.
therefore the final shareholding of "pure" ERG shareholders could be well below 30%.
A huge dilute but importantly a new firm with:
No debt.
All major projects near complete.
Win new business.
Many analysts mentioned "only a shell is left to ERG shareholders", is this acurate? should the 50% residual interest to be ignored?
erg sale, page-6
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.268M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 93999 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 500000 | 1 |
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| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
| ERG (ASX) Chart |
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