It’s an interesting game of bluff at the moment. If I am right, ( no certainty that I am ) on one hand the company is saying if we don’t get the deal we want we will raise the full $13m. If we do get the deal we want it will only be $1m. The possibility of a large cap raise sends the message to potential suitors that MTC can hold out for the right deal.
so if right deal is received it will all be announced by the end of May ( listed dates were indicative) otherwise they will raise a lot more than $1m.
Ann: Security Purchase Plan Offer Letter, page-6
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22.0¢ |
Change
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Mkt cap ! $43.25M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $30.33K | 137.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76511 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 9830 | 1 |
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