Oh, I didn't think of that.
Yes, ok, well that puts a limit on the amount of the CR and what they can do with it.
Assuming a 5 cent CR price and 2 billion shares currently outstanding....
So if they go before July 31, then FBR are limited to $25 million cap raise.
If they go after July 31, then FBR are limited to $15 million cap raise.
Big incentive to go before July 31 then.
Credit Raise- Inevitable, page-230
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Last
5.2¢ |
Change
0.005(10.6%) |
Mkt cap ! $236.0M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.3¢ | 4.9¢ | $189.1K | 3.712M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 481817 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 122469 | 2 |
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| Last trade - 12.27pm 17/07/2024 (20 minute delay) ? |
| FBR (ASX) Chart |