plastic Posted July 21, 2016 Share Posted July 21, 2016 Any multiple of nothing equals nothing. Link to comment Share on other sites More sharing options...
daedalus Posted July 21, 2016 Share Posted July 21, 2016 can anyone see any mention of re listing on the stock exchange or do me end up with 1 12th of an unlisted entity Link to comment Share on other sites More sharing options...
yanman Posted July 21, 2016 Share Posted July 21, 2016 Read the annual report. It's mentioned several times. By the way I didn't say it was to raise funds but to pay a debt. daedalus - yes the annual report clearly mentions they are working towards relisting. As bam_bamm says... dilution is better than nothing. Maybe they've got the strategy right this time and we can just rebuild from 3c to a more pleasing number Link to comment Share on other sites More sharing options...
pepee Posted July 22, 2016 Share Posted July 22, 2016 The 17m debt should equate to the 581m share @ 3cts. A further 3m was raised on 30th Dec,2015 taking total debt to about 20m which is 1,142,535,167 shares. After consolidation total shares at about 95m. So, no new equity raising until we are told otherwise. From one perspective, the value stays the same because it automatically adjust your eps calculation. Assuming an eps number can be calculated when the company relist, the eps value would be higher for a particular profit number. ( divide by 95m vs 1b ) However, if one sells before an eps number can be calculated and the market is not taking future growth into consideration, than I can see a scenario where you will lose value. If one take the 3.9cts/share before trading halt and the 3cts/share the new investor paid, we have been diluted about 33%. Small price to pay for the resurrection and if one believe the big gains are still ahead. Just my personal opinion.I could be wrong! Link to comment Share on other sites More sharing options...
pepee Posted July 22, 2016 Share Posted July 22, 2016 The choice of Prenolica as company name mean anything to anyone? Link to comment Share on other sites More sharing options...
Rod Posted July 22, 2016 Share Posted July 22, 2016 I'd assumed it's be taken from the magic ingredient - poly prenol. No idea on the ica. I'm sure it will be explained at the EGM Rod Link to comment Share on other sites More sharing options...
brickwalls Posted July 26, 2016 Share Posted July 26, 2016 Prenolica Prenol => Ropren is a mixture of polyprenols homologues containing primarily 13 - 18 isoprene units. Suffix "ica" => a collection of things that relate to a specific thing. Link to comment Share on other sites More sharing options...
terry2007 Posted July 29, 2016 Share Posted July 29, 2016 Surprised to come back and find ppl are still with this mob. No paperwork received by me. might give Stedwell a call. Seems like I've been in this for decades. Hope we all get something back Link to comment Share on other sites More sharing options...
Pendragon Posted July 31, 2016 Share Posted July 31, 2016 Stedwell? Please tell us what he has to say. Link to comment Share on other sites More sharing options...
bam_bamm Posted August 3, 2016 Share Posted August 3, 2016 Wouldn't bother with Justyn. Go straight to Dr Nisbett. You'll get a very sensible response, although being so close to a potential re-list, he might be a little more tight lipped Link to comment Share on other sites More sharing options...
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