T Lacantro to my knowledge is no longer involved with Argonaut.
My analysis of why the share price has taken such a beating...
- MMI initiate discussions with Argonaut to raise capital, without a trading halt.
- Argonaut has client funds (or Argonaut funds) invested in MMI.
- Seeing as Argonaut know know that they will be guaranteed millions of shares at 20c, Argonaut proceeds to sell x amount of shares prior to the CR being finalised, all while the stock is still not in a trading halt, hence blowing away previous resistance levels
- MMI then initiates a trading half after all of the CR details have been finalised and arranged.
- MMI announce the CR details within an hour after initiating a trading halt
- The stock will proceed to fall back to 20c regardless and MMI is just another company raises capital at a discount... only for the share price to fall to the CR price anyway
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- Ripped off shareholders
Ripped off shareholders, page-2
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $314.8M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $880.7K | 16.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2357446 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 667667 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 2357446 | 0.053 |
7 | 2712109 | 0.052 |
8 | 2021366 | 0.051 |
9 | 1665536 | 0.050 |
2 | 1012000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 667667 | 2 |
0.058 | 423825 | 3 |
0.059 | 3881642 | 10 |
0.060 | 1842893 | 13 |
0.061 | 368308 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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MMI (ASX) Chart |