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10.0¢ aerison group ltd

Ann: Notice of Annual General Meeting, page-3

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ronme

1,556 Posts.

457

28/04/23

16:30

Post #: 67511904
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Originally posted by ronme: ↑

So there is a special resolution for an equity raising of up to 25% of the issued capital and a discount to the last trade price (for a period of trade days) when the Directors decide to announce it.
So if you take the last sale price of 10c it could be a 8c price. Unless of course the price falls further.

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A basic question. Why do they need to raise capital besides the unexpected half year loss that showed up in accounts?

AE1 Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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