The share price has dropped to be at the rights price of 22c, wiping out any incentive discount for existing shareholders to take up new shares.
Was does an unsuccessful equity raise do to the stock?
Ann: Letter to Ineligible Shareholders, page-28
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4.3¢ |
Change
-0.002(4.44%) |
Mkt cap ! $17.01M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.5¢ | 4.2¢ | $28.31K | 644.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 361499 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 346346 | 5 |
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