The way I see it they needed the extra funds for a few things.
Either the business is really struggling with cash burn and poor sales, no hope really and things are going to end badly.
Or more likely given we have seen some positive announcements recently and now the support of an institutional investor, there are some good prospects ahead and the business needs more cash to fulfill sales orders.
Share price will take a dive for a while but I am still holding out for when the good news starts to come though - will see sharp jumps then.
- Forums
- ASX - By Stock
- DXN
- Ann: DXN Completes Placement to Institutional Investor
Ann: DXN Completes Placement to Institutional Investor, page-35
-
- There are more pages in this discussion • 20 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 DXN (ASX) to my watchlist
|
|||||
Last
6.9¢ |
Change
-0.002(2.82%) |
Mkt cap ! $13.26M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 6.9¢ | $8.499K | 119.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18226 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 14288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18226 | 0.065 |
2 | 60882 | 0.061 |
1 | 1 | 0.060 |
2 | 103428 | 0.056 |
1 | 9807 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 14288 | 1 |
0.071 | 116080 | 1 |
0.078 | 69633 | 2 |
0.082 | 61000 | 1 |
0.083 | 133814 | 3 |
Last trade - 10.48am 03/09/2024 (20 minute delay) ? |
Featured News
DXN (ASX) Chart |