That's right, but on the other hand some cash gives the company viability and if they entice some instos or big shot private equity with a bargain price it can give the market confidence.
Or if they go to raise equity and no one bites, that can look very bad.
So it's not a simple mathematics exercise in dilution.
Ann: Trading Halt, page-16
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.73M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $6.134K | 3.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 241481941 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 5688591 | 8 |
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| Last trade - 11.37am 03/10/2024 (20 minute delay) ? |
| LNU (ASX) Chart |