That's a huge discount but I guess in the current market that's what you have to do to raise cash.
Short term the main beneficiaries out of this will be the directors who can keep getting paid.
Luckily I sold out before this was announced as I was concerned about the lack of cash.
Ann: Cynata announces $5.55m capital raising, page-6
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $48.78M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 26.5¢ | $71.17K | 257.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 145786 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 15000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CYP (ASX) Chart |