AT the moment this could really go either way based on what is decided to do with existing share structure.
If there is no dilution and shareholders get a 1 for 1, then at 40 cents the market cap will be around 20 million (post buyout).
If the 12 for 20 consolidation goes ahead then that will mean that at current prices market is paying almost 70 odd cents per share? And valuing it at almost 40 million market cap.
Seems a bit stretched to me, might wait for it all to settle down and then see what form the new company will be in.
in the right industry reminds me of dot com , page-38
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $10.97M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.6¢ | $16.01K | 972.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 224715 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 244044 | 2 |
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| Last trade - 14.04pm 18/11/2024 (20 minute delay) ? |
| SPA (ASX) Chart |
