Yep and that's kind of the catch 22
Do you take the dilutive CR route, which over time has a detrimental effect on the SP, coupled with an option-exercising event to further make things worse.
OR
You bring on a cornerstone investor to fund the company and run the risk that they will play games with the SP to further increase their position.
Either way the SP takes a beating, but in the second scenario you haven't added dilution or increased your 'unknown' quantities risk that the CR would attract.
They made the right call and at the time it was hard to see why, now it's crystal clear that it was the perfect way to fund the company.
- Forums
- ASX - By Stock
- VRX
- Ann: EPA approves ESD and sets timetable for Arrowsmith North
Ann: EPA approves ESD and sets timetable for Arrowsmith North, page-123
-
- There are more pages in this discussion • 166 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 VRX (ASX) to my watchlist
|
|||||
Last
3.6¢ |
Change
0.002(5.88%) |
Mkt cap ! $22.61M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $8.381K | 230.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 573999 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 374000 | 0.036 |
1 | 16998 | 0.035 |
1 | 3823 | 0.034 |
1 | 45454 | 0.033 |
4 | 282063 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 50000 | 1 |
0.039 | 69999 | 2 |
0.040 | 20000 | 1 |
0.042 | 171626 | 2 |
0.043 | 28768 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
VRX (ASX) Chart |