Its a 3 for 5 isn't it, whats the extra x2 in there for?
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If you had 100,000 ordinary share, you will get 60,000 Rights, and 60,000 Options.
Of note, last sale is $0.007cps for 3,000 shares. Buyers got pulled off due to being ex-rights today
Both Rights and Options are showing as 1 total under SEARA
https://www.nzx.com/companies/SEA/announcements/268733
Not sure I fully understand it but.... looks like they are resigned to the fact that no one will be taking up offer - BioScience Managers Pty Limited won't be - they have already secured theirs at a 20% discount but it looks like they are going to be given the options?
Someone needs to point out the them that saying you are disclosing isnt the same as actually disclosing and disclaimers don't exonerate misinformation.
Seriously - they are saying only $1m only of the $7.5m for working capital..... impossible.
Up 71.4%, questions to be asked????
possibly, but when you see the quotes, the last sale prior to today was 3,000 shares at 0.007cps on the day they went ex rights. Someone purchased 200k shares at 1.2 before the next sale at 1.1. So it is still below the share price prior to the exdate, and is about right IMHO
Any one going to the briefings starting in Auckland tomorrow ?, update please.
I too are unable to go to briefing. I would like to know whether new plant is a 24hr operation as production would need to be in excess of 13 tonne per day to meet 5000 tonne as quoted. And then there is the problem of storage of pre product and finished product for these large quantities.
Sanford quits Pacific tuna unit, lines up buyers for boats....there goes one contract, hope not!