https://www.nzx.com/announcements/380882
Due to commence trading on the NZX on Thursday 21st Oct 2021.
'Reference price' $0.25
Disc: not interested
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https://www.nzx.com/announcements/380882
Due to commence trading on the NZX on Thursday 21st Oct 2021.
'Reference price' $0.25
Disc: not interested
Shareholders have purchased shares worth $1 in the first round and $2 from the second round onwards. 25cents listing means a straightforward loss to them .. or am I missing something here…
They probably need more cash.
Wait a month or two. Then there will be a cap raise for 15cents. Feel sorry for the people that Brought in on this so early
https://www.stuff.co.nz/business/300...at-25c-a-share
Taranaki-based medicinal cannabis company to list on NZX at 25c a share
Email from greenfern "One question we have been asked is around the 25c share price which will be quoted upon listing. Essentially our current share capital was based on a $2 per share price. We have increased the number of shares in the company by 8 fold by doing a 1:8 share split. An example of this is if you previously had 1000 shares held with GFI, after the split you will now own 8000 shares at a value of 25c per share."
Today’s email from Greenfern said the listing involves a share split due to more shares being
One question we have been asked is around the 25c share price which will be quoted upon listing. Essentially our current share capital was based on a $2 per share price. We have increased the number of shares in the company by 8 fold by doing a 1:8 share split. An example of this is if you previously had 1000 shares held with GFI, after the split you will now own 8000 shares at a value of 25c per share.
Proposed listing date is Thursday. NZX, New Zealand’s Exchange