SMKM :
Backdoor USD 100 mio eq Rp 1.6 T
IF Ratio Right Issue 1 : 1
Rp 1.6T ÷ 1.25 Bio Shares = Rp 1,280

IF Ratio Right Issue 1 : 2
Rp 1.6T ÷ 2.5 Bio Shares = Rp 640

Market price should be minimal 1.5X right issue so public want to buy right issue.

Note :
1. IT IS ONLY THEORITICAL CALCULATION, SO MAYBE YES/NO.
2. We should know the quality of Assets and Business Performance of Panasia Aquaculture Pte Ltd


Peter Lynch :
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Stay within your circle of competence
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Uraaa
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