I get your thinking and I initially had the same intention. However, on a closer look I think management are taking care of themselves and that erodes my trust.
I've also lost $$$$ in this, but the reality is this raise can't fix that. It will relist around 2 cents (despite all the work done in the year fixing the accounts, products, debt structure and management the company has lost another 2/3 of an already savaged mkt cap). With a 3 cent exercise price on the options, I can't see the share price going much above that for a long time. Even if I got 300,000 shares in the raise and it gets back to 3 cents, I make what $3k? That doesn't fill in the hole.
I see no point taking on the risk when management's track record is bleak. Better options elsewhere.
DYOR
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I get your thinking and I initially had the same intention....
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.06M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $40.80K | 2.147M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 718794 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.0¢ | 679400 | 6 |
View Market Depth
No. | Vol. | Price($) |
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2 | 718794 | 0.019 |
8 | 2241928 | 0.018 |
4 | 337400 | 0.017 |
2 | 57500 | 0.016 |
5 | 724585 | 0.015 |
Price($) | Vol. | No. |
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0.020 | 679400 | 6 |
0.021 | 405068 | 5 |
0.022 | 626104 | 6 |
0.023 | 169286 | 3 |
0.024 | 437300 | 4 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
2.0¢ |
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Change
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Open | High | Low | Volume | ||
1.9¢ | 2.0¢ | 1.9¢ | 1459788 | ||
Last updated 15.59pm 07/06/2024 ? |
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