CIO 0.00% 1.8¢ connected io limited

Ann: $2.53m Capital Raising and Loan Facility Restructure, page-80

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  1. 1,047 Posts.
    lightbulb Created with Sketch. 27
    My guess is once 708 leave the party this will drift into an abyss leading to a 10-1 consol.
    Holders who have a mill shares at 003 would end up with a 100,000.
    Then wouldn't be surprised if it drifted back down to 003, so say a 3,000 outlay at 003 would end up worth 300 bucks.
    These guys have shown what they are prepared to do to keep the lights on.
    Well over 2 bill shares is just ridiculous.
    Worst CR I've ever seen.
    Makes me wonder how close these guys were to VA .
 
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