Tamara, that was my understanding as well. I can't see it as being good news. I assume they have not been able to raise the funds and are back at the drawing board - the shortfall amount is what would dictate how much this will change things. But it certainly can't be under preferential terms and the additional options clause in the regal $20mil under write was unfavourable enough.
I will say that with Tony as the new CEO, I'm very interested in how things proceed (the new broom sweeps the best... re high level management) and I expect the share price to tank upon opening. I will likely buy a few token shares on pure faith in Tony, then watch the journey should any further positive momentum present itself.
Very high risk, the general sentiment on this forum seems well deserved. Please don't do as I do.
DD
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Last
73.0¢ |
Change
-0.040(5.19%) |
Mkt cap ! $20.46M |
Open | High | Low | Value | Volume |
77.0¢ | 77.0¢ | 68.5¢ | $30.31K | 41.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4337 | 73.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4337 | 0.730 |
2 | 22672 | 0.700 |
3 | 2738 | 0.685 |
1 | 1460 | 0.680 |
2 | 5332 | 0.670 |
Price($) | Vol. | No. |
---|---|---|
0.750 | 1000 | 1 |
0.925 | 2000 | 1 |
0.940 | 10200 | 2 |
0.970 | 31 | 1 |
0.980 | 600 | 1 |
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