I don’t think WEB are going to go broke, however I think the financing terms they receive will be aggressive.
Given the almost non-existent revenue, think 10% PIK interest, with the principle able to be converted to equity at a modest premium to the last traded price, say $4.
Assuming they need to raise $150M, that will create a lot of dilution for existing SH’s like myself, and will make the return to $10+ a share a whole lot harder. However, I would much rather this investment be worth something instead of nothing!
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.40 |
Change
-0.100(2.22%) |
Mkt cap ! $1.589B | |||
| Open | High | Low | Value | Volume |
| $4.47 | $4.52 | $4.36 | $11.01M | 2.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13207 | $4.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.42 | 19062 | 4 |
View Market Depth
| Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
| WEB (ASX) Chart |