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"Under the terms of the consolidation, you will be credited with 1 new ordinary share of GBP0.05 in exchange for every 500 existing ordinary shares of GBP0.01 held."
So if I had 499 shares of a price of 0.01 I would not get 1 share worth £0.05 so with that logic I have lost half of my value?
Now I know we think the go live price is £0.10 to get us back to break even but this is an even worse deal that I first thought.
I have lost half my value and they hope that we go live at £0.10 for you to break even at the last traded price before suspension...
if you had 499 shares, your position is worse than you think Roobler - for every 500 old shares you get one new share. 499 is less than 500 shares, so you end up with no holding. However, ignoring that, the price per share is the issue price NOT the sale/trading/anything else you want to call it price. So your shares are worth whatever price they are when you sell them.
Yeah that is fair enough. But on the consolidation alone we have lost 50% of our value assuming we bought at £0.01
I can't wait for tomorrow, I hope we get to ask questions live on air.
@bhobri - I thought the listing price was 10p not 5p?
ATB LB
I worked out based on my buy i will be abou 33% down if we open at 10p. So i will need 15p to breakeven.
But where has the 0.10p come from? From my understanding that 0.10p is the price of those shares issued in the fundraise.
We do not know the go live price yet do we?
I think that whoever takes up the placing shares will be pretty miffed if they do open higher that the issue price, will be very surprised if we do not see at least a 30% uplift on opening.
Even more possible depending on who takes the shares.
Page 24 of the prospectus summarises the admission and placing statistics. Issue price is 10p.
Thanks Ortus
brotherhoodofbri - the amount of shares you will receive is 1 share for every 500 you currently hold. The price has nothing to do with it.
this should be fun, watching pro's explain why they have sold lth down the river @ 5p (after cosolerdation) with , we are putting it on the market at 10p,to soften the blow to you holders,lol
it does not matter if its, 10p,15p,20p,30p, if the market dont like it, it will tank, how thick do they think we are, then do a presentation, **** me, they are a hard faced bunch,
gla,
Can't wait!!!! I have been waiting for this day for 550 days