Quote:
Originally Posted by maccawozzagod
As far as the ownership of current shares and transference is concerned, the current 'value' is 100k and the new value is 1m. Therefore divide your current % by 10 and you will have your new value in percentage should it be the case that transference is on the agenda.
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2000 of the current shares are £1 shares and 9800 are £10 shares, this gives a share value of £100,000 representing 11800 shares. If another £900,000 worth of shares were issued, thus making the share value £1M they could be issued as 9000 x £100 shares. It states on the fishy site that after the new issue it will be one vote for one share. If this is the case then if anybody bought the whole 9000 shares (if they were £100 shares) they would only have 9000 votes which would not give them a majority vote.