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Ann: Outcome of Litigation, page-7

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verce

4,284 Posts.

253

27/07/17

13:05

Post #: 26114580
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Originally posted by Grogger ↑

Yeah thanks, I was about 99% sure this was the outcome, but it seems a little unbelievable. The preference B shares were their one of their sources of funding, I believe they was discussion on here that they were potentially worth $11m SGD, which was going to be great because the debt was only $5m SGD. Now gone.

So after all this they get their own machine back with less rent to be paid back, then what was outstanding. You can't even call this a consolation prize.

As you say, they're going to probably need to source more funds.

Yeah, not good.

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The class B shares were the jewel in the crown. Back when this was 4 cents, I did a back of the envelope calculation and came up with about $20 - $25 million AUD value for those shares in Prime.

Unsure why the buying is so strong.

MEM Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $13.00M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$265	44.19K

Buyers (Bids)

No.	Vol.	Price($)
8	9530299	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	13345702	9

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No.	Vol.	Price($)
2	60206	0.024
1	14090	0.022
3	497619	0.021
5	649700	0.020
2	130000	0.018

Price($)	Vol.	No.
0.025	153799	6
0.037	18526	1
0.039	1200000	1
0.046	100000	1
0.047	1160000	3

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