Yep but he says the company at the time was trading one-fifth of $1.8B, so $360M
It was a crappy loan shark deal for $150M and the company's MC was $360M
So you can't blame CS for raising capital after Zip's MC got up to $1.8B. I would be pissed if they let it go back down and then raise under $1. I still hoped they would have waited until $2+ and after FY results next month.
We now raised $267M when the entire market cap at the time of the deal was $360M. Imagine telling us at the time we needed to raise $267M at a market cap of $360Mlol
$3 SOON, page-496
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Last
$2.75 |
Change
0.000(0.00%) |
Mkt cap ! $3.590B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.75 | $2.69 | $17.99M | 6.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.75 | 83683 | 13 |
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| ZIP (ASX) Chart |