I myself have lost part of my faith.
1. Look at the chart, where we have 12 m volume, 2 days before CR ann. Isn't that volume a clear sign of information leak?
It was a questionable volume that day.
2. The second big question is that, why they agreed to issue a size equal to 5% of the company at 30 to 40% lower than the market price?
They claim that they will sign a new agreement with a tier 1 player by mid 23. So why they did not wait 3 months to CR at a better price or at least why they did not raise at a more reasonable price?
Were they in a rush for CR? The financial statement says no. So, why so low price and why this rush, and who where those who sold at $7 two days before this shameful CR and now can buy back at $5?
Ann: Equity Raising Investor Presentation, page-159
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |