Pretty much. I brought to their attention that they are not an eligible entity for an additional 10% placement capacity under ASX Listing Rule 7.1A because they are in the ASX300.
I must admit I was motivated by not wanting 25% further dilution this year. I couldn't think of a single possible situation where I'd be happy with PBT issuing more than 15% of the current shares on issue this year, given that there is enough cash already in the bank to finance:
- a smallish phase 3 HD trial (if necessary)
- a PD phase 1 trial
- planning & initiating next steps for AD
And as far as I can see, resolution #3 refreshes the ATM facility to the tune of 15% of the current shares on issue, this should be plenty if some extra cash is needed.
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $26.22M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $130.5K | 26.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
106 | 98813145 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 13634538 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
101 | 97193145 | 0.004 |
57 | 66651433 | 0.003 |
16 | 32514403 | 0.002 |
14 | 94320101 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 13509612 | 5 |
0.006 | 20537365 | 20 |
0.007 | 28403276 | 24 |
0.008 | 31046938 | 32 |
0.009 | 18748789 | 13 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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