I agree it is a bit of a milquetoast capital raising.
I guess the positives are it suggests the board and management are confident of profitability very soon, and insiders put their hand in their pockets, all at a minor discount.
Today's price action allows any small holders to top up the 10% or whatever they were diluted, if that is a priority.
Ann: CVCheck successfully completes $1.45M Placement, page-4
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Last
10.8¢ |
Change
0.003(2.38%) |
Mkt cap ! $46.61M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.5¢ | $25.18K | 238.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 136405 | 2 |
View Market Depth
| Last trade - 12.44pm 22/08/2024 (20 minute delay) ? |
| KYP (ASX) Chart |