People here often counter with the argument that you need money to make money as a justification for the capital raises. It's a weak argument because it all depends on price.
By way of example, here's how CVN has raised money over the years:
- 20 November 2013 $12m at 6.4c
- 11 May 2018 $20m at 13c
- 14 Feb 2019 $50m at 33c
- 25 July 2019 - $79m at 39c
They raise more money at higher and higher prices. CVN's market cap is double FAR with a fraction of shares on issue.
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Last
47.5¢ |
Change
0.005(1.06%) |
Mkt cap ! $43.89M |
Open | High | Low | Value | Volume |
46.5¢ | 48.0¢ | 46.5¢ | $110.3K | 234.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 217746 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 68975 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107000 | 0.465 |
1 | 30000 | 0.460 |
3 | 135000 | 0.455 |
7 | 328578 | 0.450 |
1 | 30000 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 10000 | 1 |
0.500 | 3792 | 2 |
0.520 | 25000 | 1 |
0.550 | 12285 | 2 |
0.600 | 3176 | 2 |
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