IMM 8.06% 33.5¢ immutep limited

piggybanks , page-2

  1. 704 Posts.
    lightbulb Created with Sketch. 1
    robhood the fortrend funding is available for prr to draw on at any time over 3 years and at the time of drawing down prr will issue fortrend shares at a 10% discount.below is taken from fortrends website.the key to me is point point 2 in the key benefits.when prr struck this funding deal they were under 1 cent and to issue 12 million worth would have been 1.2 billion shares but at current prices were looking at only 176 million shares.so higher the price less shares.
    in your other point about martin rogers being in the U.S look at point 4 in key benefits and it states having the fortrend funding gives power with business partners.now rogers can head to the U.S and look for partners while the company doesnt need them unless they want them.prr have the funding but a big name partner for the right price can only lift prr's standing.
    -----------------------------------------------------------
    Fortrend is pleased to offer an innovation in financing for small-cap companies.

    Some of the key attributes are:

    1. Raise capital on an as needs basis
    2. No investment banking fees up front
    3. Cost-effective legal structure to establish facility
    4. Easy to set up and administer
    5. No prospectus or investor road show necessary



    Some of the key benefits are:

    1. No risk of under subscription, such as in a rights offering or secondary placement
    2. Less stock dilution when used on the back of share price strength
    3. Will increase liquidity in the market for the companies shares and increase investor awareness
    4. Gives negotiating power with creditors and business partners
    5. Leaves you and your team to run the company
 
watchlist Created with Sketch. Add IMM (ASX) to my watchlist
(20min delay)
Last
33.5¢
Change
0.025(8.06%)
Mkt cap ! $486.6M
Open High Low Value Volume
32.0¢ 34.8¢ 31.3¢ $1.379M 4.179M

Buyers (Bids)

No. Vol. Price($)
8 170360 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 115131 3
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
IMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.