MEM 16.7% 0.5¢ memphasys limited.

Silvahman, Yes....But it should be four to one to prevent...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 413 Posts.
    lightbulb Created with Sketch. 1
    Silvahman,
    Yes....But it should be four to one to prevent outrageously excessive dilution.  Gaffa, this may well be why people are buying at .003 i.e. that they think with the ability to buy an equal holding at .001 for an average of .002 after exercise they can still make money.  
    Pity about us loyal long term holders!
    If Paterson Partners (the underwriters) have mandated the .001 price, then in my view it begs the question whose interests do they see as paramount.  Would love to hear any argument that they would like to make to say that it is the shareholders!
    If I get time I plan to ring ASX and see what they have to offer about the dilution issue.  Will seriously consider voting against the proposals, notwithstanding regard for Alison and Andrew.
    Kind regards,
 
watchlist Created with Sketch. Add MEM (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
-0.001(16.7%)
Mkt cap ! $13.00M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $19.10K 3.821M

Buyers (Bids)

No. Vol. Price($)
11 4204169 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 5374720 3
View Market Depth
Last trade - 15.56pm 07/11/2024 (20 minute delay) ?
MEM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.