Let's make a distinction between a primary and secondary transaction.
A primary transaction is when an investor buys a stock directly from the company. Each dollar raised goes to the company coffers. A cap raise is an example. Exercising an option is another.
A secondary transaction is when a holder sells his/her shares to another investor. No money goes to the company. The transaction is external to the company. An example of this is buying a share on the ASX in a non-capital raising situation.
When a listed company undertakes a promotional roadshow, it can be planning to either engage in a primary transaction OR increase awareness and understanding of the company and hence grow trading volume on the exchange.
Applying this understanding to 4DS and its Open Briefings in Australia, since the company has stated that it has no immediate need for capital, these Open Briefings are most likely to serve the other purpose - increase understanding and awareness. Increasing awareness might lead to more investors trading on the secondary market under which conditions the company might then be rated and priced accurately.
This is what we want, right?
4DS Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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