Hi ddzx,
I don't hold but have been watching this one and looking for the best entry point like you are.
Post consolidation, there will be 277M shares on issue and the company will have $4m+ cash.
This means that if it recommences trading at 5c then that'll give the company a market cap of $13.8M with $4M+ in cash.
That sounds ridiculously cheap and might recommence trading a lot higher than the CR price of 5c?
I'm surely missing something or have my numbers adding up incorrectly???
Thanks.
GB.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.