GDA 1.54% 32.0¢ good drinks australia ltd

Shareholders entitlement

  1. 970 Posts.
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    looks like the general shareholder may be missing a nice bite of this cake when you break down the numbers.
    $2,000,000 divided by $0.085 equals 23.529,411 shares to be issued.
    2500 shareholders on the books (2017 annual report)=9412 shares each, worth $800 if we all apply and its averaged out.
    The $15000 cap for holders would yield 176,471 shares if you got the full money's worth. lets assume 50% of holders are not interested the most we could purchase would be around 19,000 shares or $1600.00 worth.
    I did not see any matrix on how the numbers would be allocated if some holders asked for smaller amounts.
    I would have preferred to see a greater limit available to existing holders even to the extent of the full amount of the raising.
 
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