I agree. The company needed the money and the placement has gone to a handful of exisiting shareholders and they are giving all of us a chance to participate when we’re on the verge of gasification.
Looks like they are trying to make the beat of the situation by giving shareholders hopefully a free kick.
Why would you sell it here when imo the biggest issue overhanging the stock is capital required that didn’t come in from the Chinese. Now thy have a funding solution in place and are hopefully as I said on the verge of gasification. Not to mention it’s a 1:15 which really shouldn’t weigh on the price.
I actually think it’s been done well and gives them some negotiating hand when talking with potential strategics.
Ted
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Last
0.4¢ |
Change
-0.002(33.3%) |
Mkt cap ! $7.609M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.4¢ | $35.69K | 7.121M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 13501000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1275998 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 13501000 | 0.004 |
16 | 15603333 | 0.003 |
18 | 87941555 | 0.002 |
14 | 60900000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1275998 | 3 |
0.006 | 2949164 | 7 |
0.007 | 3235480 | 3 |
0.008 | 521571 | 3 |
0.009 | 1518181 | 2 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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