re: Ann: Placement at Premium - Cornerstone I... The placement was not at a premium to the price when the trading halt was called. What a surprise. I am actually surprised it was done so at 7.5c, but i guess pala is getting a bunch of free options etc etc which makes the actual value less than 7.5c perhaps 6c and the stock has been diluted again... a necessary evil i guess. BUT
I just wonder why such a significant cap raising would be done prior to a list of significant announcements expected in the short term. PEN had enough cash to last for a fair while longer and i'm sure if they held off the 30 day VWAP would have been a lot higher.
I guess that shows the pressure that a significant investor can put on a company. As someone said yesterday, the capital raising was called because the share-price was getting too high & Pala investments weren't happy.
Stupid management.
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Last
9.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.5M |
Open | High | Low | Value | Volume |
9.5¢ | 9.5¢ | 8.8¢ | $4.430M | 47.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24749394 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 1182349 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24749394 | 0.094 |
1 | 5000 | 0.091 |
1 | 1 | 0.089 |
8 | 360923 | 0.088 |
7 | 410579 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 1182349 | 10 |
0.096 | 891478 | 3 |
0.097 | 450415 | 3 |
0.098 | 617702 | 6 |
0.099 | 1343450 | 8 |
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