POK 0.00% 20.0¢ potash minerals limited

imo, this will be closer to 10 cents by Christmas rather than $1...

  1. 28,706 Posts.
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    imo, this will be closer to 10 cents by Christmas rather than $1

    $1 will make a fully diluted market capitalization of $900M

    this would mean the Buddy vendors gave away $121M for the mere purpose of using the POK shell

    POK only announced 2 days ago, in their presentation, they intend to offer 100,000,000 shares under prospectus to raise $7.5 million, which equates to 7.5 cents per share

    on 4 December 2015, there will be 600,000,000 new shares issued, including 100,000,000 shares at 7.5 cents

    at 10 cents, the market cap will be $90M

    which is why i reckon this will be closer to 10 cents (say 15 cents) by Christmas rather than $1

    good luck
    Last edited by ddzx: 28/10/15
 
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