in order to get 100m cash from pp for its projects they will have to issue 94m shares at price of around 1.00 which represent 20% of the current outstanding shares available. you will get dilute at least 20% if let say someone is willing to buy the pp at this price where the chairman are having a potential audit fraud... this is a burning ship, either u jump or u get burn
Stock: [RENEUCO]: RENEUCO BERHAD
2021-06-13 19:18 | Report Abuse
in order to get 100m cash from pp for its projects they will have to issue 94m shares at price of around 1.00 which represent 20% of the current outstanding shares available. you will get dilute at least 20% if let say someone is willing to buy the pp at this price where the chairman are having a potential audit fraud... this is a burning ship, either u jump or u get burn