No-one has said it’s a catastrophe or disaster, that’s just you being dramatic (again).
Any normal person would consider (potential) ~20% shareholder dilution accompanied by a ~20-30% share price fall as a bad thing mate. It’s categorised as a risk for a reason. It’s worse when a raise is conducted to complete a task that was meant to be fully funded by the last cap raise. It negatively affects shareholder value for no material gain.
Arguing or trying to minimise it is a bit desperate. If you need a reminder of how difficult funds are to raise right now, or how destructive a cap raise can be, go have a look at LKE’s share price after their recent cap raise.
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4.9¢ |
Change
0.008(19.5%) |
Mkt cap ! $71.34M |
Open | High | Low | Value | Volume |
4.2¢ | 4.9¢ | 4.2¢ | $409.9K | 9.092M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50005 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 83828 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 291828 | 0.044 |
3 | 121000 | 0.043 |
6 | 1456000 | 0.042 |
4 | 225684 | 0.041 |
10 | 679039 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 83828 | 2 |
0.050 | 307879 | 6 |
0.051 | 339147 | 6 |
0.052 | 428500 | 3 |
0.053 | 350000 | 1 |
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