when the 50 million is raised this will go into financiang and investing activities -- ERG trade data forum

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4], 5, 6, 7 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 19:31:03 02/22/03 Sat
Author: No name
Subject: when the 50 million is raised this will go into financiang and investing activities
In reply to: for number 3--acknowleged though--turbulent period 's message, "with an improved company you have an incentive to keep the new shares created" on 19:19:45 02/22/03 Sat

Before the rights come on board though and the free five year option attached to them which quotes a figure of 20c--the bold type below (2,603,679,165)is the number of shares--with a rise in net asset backing and improved earnings outlook--I don't see a problem--the rights issue is nothing to be concerned over--as 50 million bucks is being raised--and that goes straight into financiang and investing activities--pure cash--so thats offset.

http://www.voy.com/125692/4/302.html

Name: michaelirish
Location: Sydney, Nsw Australia
Date: 1/23/03 10:16:28 AM
Subject: Erg Pre andpost reconstuction
Comments:
Share Register now Price Total
Shares 936,879,165 $ 0.14 $131,163,083.10
------------------------------------------------------------
Notes
LTD
(now the only such debt) 18,520,000 $ 13.50 (face value ) $250,020,000.00
-----------------------------------------------------------
Pre-reconstruction
-----------------------------------------------------------
Post reconstruction new shares 1,666,800,000
-----------------------------------------------------------
total 2,603,679,165
-----------------------------------------------------------
Rights 325,459,896
-----------------------------------------------------------
new Total 2,929,139,061
-----------------------------------------------------------
consolidate by10 292,913,906
-----------------------------------------------------------

[ Next Thread | Previous Thread | Next Message | Previous Message ]