Great deal. Appalling raise.
It's as simple as that.
Rough week for the loyal SH here. The free options are a joke PH.
In relation to the Offer, Imugene Founder and Executive Chairman Paul Hopper said: “I am delighted with the very strong support shown for the raise with institutional interest coming from Australia, Asia in particular, and the US..."
No Sh!t. You just gifted 20% of the company away at bargain basement prices.
This deal should have warranted a CR at the same discount without the free options. And the SP would be trading circa 9c right now. 10% higher than it is
Why IMU is a multi multi bagger, page-15212
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Last
5.9¢ |
Change
0.005(9.26%) |
Mkt cap ! $433.6M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.9¢ | 5.4¢ | $1.489M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35252 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 1753430 | 24 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |