So 32m shares to be issued or already issued at 5c?
Yesterday’s volume just over that amount. Almost a 100% gain.
This seems like an easy cash grab for the placement holders with no risk and a huge discount. Why would the company raise at such a cheap price when they knew TK and KE would create some hype for any potential placement partners.
The company may do well but this absolutely stinks and could be a sign of things to come.
Ann: Appointment of Further Advisors, page-32
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