SPA 5.88% 1.6¢ spacetalk ltd

10.5 million new shares to be issued per the EGM papers.We are...

  1. 521 Posts.
    10.5 million new shares to be issued per the EGM papers.

    We are talking peanut$ here. Most likely the bulk will go
    to a several small cap funds - those already expressed interest per the announcement. A few loose shares might be stagged but it will all be gobbled up by the small cap funds likely to want to build up a decent size holding.

    A 5% holding of the soon to be listed Bulletproof Networks is only about 4 million shares. Turnover for the past 2 weeks total about 3 million shares. Punters have already sold sub 40c.

    Quality minnow in a wonderful space - stock tight as a drum - I am going for the ride - this is not a ramp.
 
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