Getting an insto on the books would be a strong indication of potential.
The trouble is that IM made it quite clear that they are looking to commercialise (sell off) their 30% stake and not keep it on the books.
The other option that was indicated was spinning it off into a new company - in that case insto support would be a possibility and necessity.
With 2 quarters of cash left RXL needs new money to come in soon - you would be tempting fate trying to raise money 3 months further down the track.
So unless they spin it off then some form of CR looks likely to me.
I am not down-ramping - I already own the stock - just wondering how they will raise funds in the short term.
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $61.08M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 14.0¢ | $45.89K | 310.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6800 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 58006 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6800 | 0.145 |
7 | 575424 | 0.140 |
6 | 806771 | 0.135 |
9 | 488000 | 0.130 |
5 | 228080 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 58006 | 2 |
0.155 | 370006 | 6 |
0.160 | 217376 | 6 |
0.165 | 80305 | 5 |
0.170 | 40319 | 4 |
Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
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