To place this CR exercise of raising A$1.6 million into perspective, we must note that this amount of money is not even enough to open a new large McDonald's restaurant in a major city.
Mostly of what this achieves is more dilution .... more dilution ..... and eventualy we will go thru a reconciliation at 40/1.
Happens very frequently ....
Who is going to buy shares at $0.006, when you "could" buy at 0.005 on market?
If management is not forthcoming with news .... we may as well not support this CR.
My opinion. DYOR!
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- Placing CR into perspective ....
Placing CR into perspective ....
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