The more I think of it the more bizarre this is. Why would they wait for the share price to drop back 20% before announcing they are trying to raise capital, means doing it at 6c when they could have done it at 7 a week ago. A few announcements of new customers or some decent performance might have made this a good idea. Unless of course the quarterly is going to show something we don't know about!
Maybe they just like diluting shares. Will need new investors though as I can't see anyone that has been in this for the last 6 months giving them anymore money, frankly I'm looking for an exit now!
Ann: Trading Halt-M7T.AX, page-13
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Last
54.0¢ |
Change
-0.010(1.82%) |
Mkt cap ! $130.2M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.0¢ | 53.5¢ | $9.847K | 18.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15881 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 31432 | 2 |
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| Last trade - 15.52pm 04/10/2024 (20 minute delay) ? |
| M7T (ASX) Chart |