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Which instos buy at 1.3c ?? The float price is yet to be...

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longwalker

638 Posts.

39

02/05/16

15:00

Post #: 17653531
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Originally posted by ehealth ↑

Current price of 2c = 20c post consolidation.

Instos are buying at 1.3c = 13c post consolidation.

My concern since finding out the console will still happen if the shares trade above 2c is if the shares list at less than 20c.

Which of course would mean not only mean a consolidation resulting in less shares but also an instant loss if I was paying for example 2c now = 20c on market. Then the shares list at 15c. I am down 5c immediately. Thus the reason why I am waiting to buy on market. The less risk is a better situation for me. Sure, it could of course list higher than 20c but I highly doubt it.

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Which instos buy at 1.3c ??

The float price is yet to be determined and will be based around current share price and demand , the 1.3c mentioned in the initial announcement is an ASX requirement which they picked that price given the current price at that time to show the market the example of the capital structure

MNQ Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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