Share, Nat3 May 2013 13:07
Do I understand this correctly
They are placing 100 mill shares at AUD 0.08
That equates to 5.22p at today's exchange rate of 0.66109
They would buy from the open market up to AUD 0.10 that is 6.61p shares to make up 19.9%
COOL have 537.8 mill shares in issue
The 19.9% equates to 107.02 mill shares
That means Village will buy 7.02 mill shares from the open market.
Then my question is why is this SP now trading in 3 p levels?