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so Downey gets 5% of that 4c over the 56c payment. so 106m...

  1. Guerilla
    1,322 Posts.
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    19/06/17
    16:31
    Post #: 25361268
    so Downey gets 5% of that 4c over the 56c payment.
    so 106m shares x 4c = $4.24m

    x 5% = #212k. Still not bad for no real risk and a bit of admin.

    Agree with @g12m0 re whether these offers should be allowed. Expect ASIC/ ASX to review it accordingly (hopefully!)

    Otherwise, they'll start appearing on other undervalued stocks and lesser informed shareholders could be taken advantage of.

    DYOR
    Last edited by Guerilla: 19/06/17
    AWE Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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