SKF 0.00% 16.0¢ skyfii ltd

Well, that article was bound to be written by them eventually. A...

  1. 13,066 Posts.
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    Well, that article was bound to be written by them eventually.

    A fair bit of potential.

    Will be interesting to see if the article generates any interest.

    My only concern is that it's hard to reconcile their cash burn for the qtr ahead. I lean towards there being a rights issue, with the right to subscribe for options @ 1.5c with an exercise price somewhere around 20-22c. At say, 3 for 1, with 182M fpo on issue, that would be around 60M new shares, raising $900k.
 
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Currently unlisted public company.

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