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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
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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…
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Originally Posted by Snow Leopard
Nor me - not interested either
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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
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https://www.stuff.co.nz/business/300...at-25c-a-share
Taranaki-based medicinal cannabis company to list on NZX at 25c a share
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Member
Originally Posted by carrom74
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…
Does it have to mean it's a straight 1 for 1 deal? I mean if the initial shares were $1 each can that mean instead 4 shares are issued to that holder for each 1 of the original shares held when they are listed on NZX?
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Member
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."
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Member
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.
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Originally Posted by Baaarney
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.
Although not interested in this share, too many coming on to the market now, I wonder if there is an embargo for the current S Hers ?
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Originally Posted by whatsup
Although not interested in this share, too many coming on to the market now, I wonder if there is an embargo for the current S Hers ?
Proposed listing date is Thursday. NZX, New Zealand’s Exchange
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