Shares in Issue?16 May 2018 20:43
Please can someone put me straight and confirm how many shares are in issue?
09/04/18 The Val website says 407,462,717.
04/05/18 VAL has a Placing of 47,500,000.
11/05/18 Slater announces he has 18,500,00 which is 4.54% of 407,462,717.
VAL says the 47,500,000 shares will be admitted on or around 14/05/18?
Have these 47,500,000 been issued ? In which case Slater holds 4.1% of 454,962,717?
If these 47,5000,000 have not been issued, will the price collapse back to 2.25/2.5p once these are in the market at 2p?
Am I missing something?
Cheers