The obvious question is:
"if Monash couldn't raise the full $4m in time, given they had the time before the last EGM and a further 3 months after the approval, how are they now going to be able to raise $6m?"
I would suggest the market is completely doubting there ability and this is why the SP is floundering.
Talk is cheap, action costs $6m!
How much time do they now need to raise $6m? A week has already slipped by since the expiry of the $4m cap raising.
A cornerstone investor?
does monash have a problem?
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $32 | 16.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 27791024 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10778674 | 19 |
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| Last trade - 10.02am 30/08/2024 (20 minute delay) ? |
| ECT (ASX) Chart |