GRK 0.00% 0.2¢ green rock energy limited

Ann: Working Capital Placement, page-12

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  1. 2,421 Posts.
    Im not comparing them per se . Im just comparing the fact that 640K Is such a small amount of capital for a company that it will burn it up so fast it seems pointless.
    This company has virtually 2 billion shares on issue, as a result it keeps the SP extremely low. So when they go to raise money there its millions of extra shares for small amounts of capital. Those millions of extra shares then end up on the market.

    Those shares issued are also at a 40% discount to the current price of .005
    Last edited by Tradergimp: 23/07/14
 
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