Placement DetailsThe Placement will see 9.6 million new fully paid ordinary shares issued at $1.25 per share raising$12 million (before costs). The Placement price of $1.25 per share is a 1.6% discount to Titomic'sclosing price on the ASX on Friday 20 April 2018 ($1.27 per share) and is equal to the 10-day VWAP($1.25 per share).
12 mill raised at 1.25 2018 April....
14 months on roughly, SP stands at 1.70 as of Friday. I must admit they have achieved alot in that 14 months in terms of agreements and networking for potential business but they really have no revenue stream .. I still think they will raise cash very soon if they are smart, and it now looks like a raise at 1.50-1.60 is on the cards if they want to save face.
A company update on progress of deals could also steam the flow of SP decrease but maybe they are that tight on cash! ha!
also -500pts on the dow over night will be a -10%day here for TTT, something to watch out for also.
TTT chart thread, page-1326
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $134.1M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $157.9K | 1.211M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 384007 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 510404 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TTT (ASX) Chart |