Newbie here, but my understanding is the shares you buy at 55c can be sold at market rates, so therefore unless the SP falls to 55c or less then you'd be benefiting.
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Yeah but assuming the SP was $1.35, reducing it by 2/15ths would take it down to $1.17. So as long as the discounted SP is more than 55c it's still beneficial, isn't it?
Edit: Sorry I see what you mean now - the existing shares are reduced in value, so the 'discount' at buying at 55c really only makes up for that.
If the sp is 135c, the sp after dilution should be 126c
If it falls through 1.3 i think theres going to be alot of panic selling.
1.30's up, anyone up for low 20's or late teens tomorrow?