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0.9¢ swift networks group limited

Maybe we are jumping the gun. Maybe management wants to keep the...

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Inferno31

3,251 Posts.

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05/10/16

00:04

Post #: 19624547
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Originally posted by wgdt72 ↑

Yep R5

Possibly
"Target 44000 Rms June 2017"
"Target 1 Acquisition"

Although I would have thought this vote would happen after the fact and not before.
I am only not keen on it as they do not provide reason for it.
However reading the notes it seems it is for that purpose. What is your take?

(d) Purposes for which the securities may be issued
The Company may seek to issue the Equity Securities for the following purposes:
(i) non-cash consideration for the acquisition of new assets and investments. In such circumstances, the Company will provide a valuation of the non-cash consideration as required by Listing Rule 7.1A.3; or
(ii) cash consideration. In such circumstances, the Company may apply the funds raised towards, the review and evaluation of new acquisitions and investments (including expenses associated with such acquisitions and investments) and general working capital.

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Maybe we are jumping the gun. Maybe management wants to keep the option open in case a good opportunity pops up.

SW1 Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $9.810M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$723	80.3K

Buyers (Bids)

No.	Vol.	Price($)
4	630361	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	139843	1

View Market Depth

No.	Vol.	Price($)
1	199996	0.013
2	691666	0.012
1	226370	0.011
1	100000	0.010
1	120000	0.008

Price($)	Vol.	No.
0.016	531250	1
0.018	462860	1
0.019	1000000	1
0.020	218562	1
0.021	70000	1

Last trade - 16.10pm 26/11/2024 (20 minute delay)

SW1 (ASX) Chart