Which box would you pick, confetti or IOU? Clearly creditors...

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ausheds

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31/01/19

17:21

Post #: 37286257
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Originally posted by Anndy ↑

Originally posted by ausheds
Maybe they are loading up another Pic-a-Box of confetti for ISF?

"RESOLUTION 11 – ISSUE OF FUTURE PLACEMENT SHARES To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, for the purpose of Listing Rule 7.1, and for all other purposes, Shareholders approve the issue of up to $15,000,000 worth of Shares at an issue price per Share of not less than 80% of the VWAMP for Shares calculated over the last 5 days on which sales in Shares were recorded before the day on which the new Shares are issued, to sophisticated investors, employees or suppliers of the Company, for the purposes and on the terms set out in the Explanatory Memorandum.” "

Close enough another 25% of rather fully stuffed mkt cap.

"Maybe they are loading up another Pic-a-Box of confetti for ISF?"

I don't think ISF would be that naive, I see them as being a shrewd creditor, not like some of the Chinese money that has been used to float this operation so far, I think they have woken up to learning the hard way, constant devaluation doesn't look good to their dwindling holdings.

I would not be surprised if they try and use the $15,000,000 (resolution 11) should it pass, to pay their employees.
Already looks like res 14 to pay Belinda M Jones and GEE WA a total of 5,900,000 shares is showing just how tight things are getting.

They're obviously hoping that Peter the printer starts to do some OT $15,000,000 @ $0.05 = 300,000,000 extra shares.
Surely they would not be assuming that NRE and the sophisticated investor are going to throw money at NTU without a price renegotiating.
@ 0.05 cents NRE could assume a holding of 29% for $25 mill, that's a lot better than the original 17% for $25 mill, which would still get diluted.

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Which box would you pick, confetti or IOU?

Clearly creditors punted the confetti.

NTU Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $135.9M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$43.20K	2.072M

Buyers (Bids)

No.	Vol.	Price($)
11	2298508	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	2046207	9

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No.	Vol.	Price($)
7	389264	0.083
1	100000	0.082
3	26500	0.081
6	683055	0.080
1	102400	0.078

Price($)	Vol.	No.
0.084	125000	1
0.085	2235656	8
0.086	308648	5
0.087	418480	5
0.088	398808	3

Last trade - 16.10pm 22/11/2024 (20 minute delay)

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Which box would you pick, confetti or IOU? Clearly creditors...

Top Stories

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Sellers (Offers)