Disagree that we will head to 2.50. If I had cash on hand I would buy - may just do so on pay day if it is still at this level.
The plan was to sell the rights to our technology from a position of weakness. This deal allows us to hold onto our IP until it is closer to commercialisation (i.e. more valuable).
Before this, we were going to go broke or have a fire sale. We now have a significant investor that is willing to kick in up to $20M. Yes the deal is favourable to them and will significantly dilute share holders (12-19%), but by all rights they should have taken us to the cleaners.
I definitely would not have kicked in more money if they did a rights issue and given the SIO issue flopped I imagine many others wouldn't have either.
We got a really good outcome given the options available to us. It definitely exceeds what I thought we would get.
- Forums
- ASX - By Stock
- AVR
- Ann: Funding Package
Ann: Funding Package, page-23
-
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVR (ASX) to my watchlist
|
|||||
Last
$13.20 |
Change
-0.800(5.71%) |
Mkt cap ! $279.0M |
Open | High | Low | Value | Volume |
$14.00 | $14.00 | $13.11 | $947.2K | 71.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $13.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.35 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 13.100 |
1 | 1000 | 13.050 |
1 | 200 | 13.020 |
2 | 1007 | 13.000 |
1 | 50 | 12.990 |
Price($) | Vol. | No. |
---|---|---|
13.350 | 300 | 1 |
13.500 | 3467 | 2 |
14.000 | 1132 | 3 |
14.500 | 1000 | 1 |
15.050 | 250 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online