The more I think of it the more bizarre this is. Why would they wait for the share price to drop back 20% before announcing they are trying to raise capital, means doing it at 6c when they could have done it at 7 a week ago. A few announcements of new customers or some decent performance might have made this a good idea. Unless of course the quarterly is going to show something we don't know about!
Maybe they just like diluting shares. Will need new investors though as I can't see anyone that has been in this for the last 6 months giving them anymore money, frankly I'm looking for an exit now!
Ann: Trading Halt-M7T.AX, page-13
Add M7T (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.0¢ |
Change
-0.020(4.88%) |
Mkt cap ! $94.08M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 39.0¢ | $167.3K | 414.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16164 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 711 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| M7T (ASX) Chart |