This is a slap in the face to retail investors. The company is diluting the value of shares and not even giving retail investors a chance to be involved and minimize their losses.
I wouldn't be surprised if the share price heads below 90 cents at some point.
capital raising of $45m, page-5
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $134.9M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $30.86K | 143.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 249763 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 1031399 | 14 |
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| CCV (ASX) Chart |