I'm glad you guys are pleased.
To me this seemed unnecessary. We had a decent amount of cash, and as noted last week multiple channels that management could have used to source funds. Despite only a small CR and potentially going to sticky hands, it adds further dilution to a register that is already ugly. I dislike businesses that jump at any opportunity to raise cash. Of course, micro-caps can't function without it, but when there are other ways of sourcing it, it's disappointing.
My opinion, happy to hear others.
Ann: PWN successfully raises $1.64M to fund growth initiatives, page-6
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Last
1.2¢ |
Change
0.001(4.55%) |
Mkt cap ! $31.82M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $1.447K | 125.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3733328 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2867111 | 6 |
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| PWN (ASX) Chart |