Thanks hunter. Now I understand. I have checked the announcements and here are my findings/thoughts:
As per the $5m funding package from burgen, zel is drawing $50000 per month and the have to issue shares in return.
Zel issued 25 mils share on 21/12/2012 at price of .002 (=$50 k)
Zel issued 25 mils shares on 25/1/2013 at price of .002 (=$50 k)
Zrl issued 50 mils share on 27/2/2013 at issue price of . 001 (=$50 k)
Looks like burgeon tried to offload some shares with profit. Unless company secures environmental approval soon, zrl will be forced to continue issuing shares at .001 and cause serious dilutions.. I hope that the can get the approval !!
- Forums
- ASX - By Stock
- zrl is rock solid
Thanks hunter. Now I understand. I have checked the...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZRL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online