MIK 0.00% 1.5¢ mikoh corporation limited

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  1. 729 Posts.
    If you want access to the offer you will need to buy by Thursday if my calculation is correct (record date is 25 June). Selling can be attributed to those without the funds or stomach to participate, exiting. MIK should return to the 10-12 cent range once the placement is out of the way if not earlier. That will represent a 2-3 cent profit on the issue price. That is without any major announcement. In addition as long as there are at least 50 holders MIK can apply for quotation of the options and I can't think of any reason why it wouldn't. The options have an exercise price of 20 cents and can be exercised anytime in the 24 months after issue. I would expect them to trade at 3-4 cents at least given the potential blue sky. On that basis I will be paying about a net 4-5 cents for the new shares. Hence I will be taking up the offer and have bought more at 9 cents.

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