Proposed Placement is a very welcome achievement by NRZ, but not without some unpleasant implications.
Note the following:
1. It is subject to shareholder approval. No worries, routine activity.
2. Funds will not arrive until end of June 2023.
It is a get out of jail ticket to get NRZ over the end of quarter cash requirements. IMO.
Also, it is an indication of severe financial stress. More funds are urgently needed.
- Forums
- ASX - By Stock
- NRZ
- Ann: Private Share Placement
Ann: Private Share Placement, page-7
-
- There are more pages in this discussion • 105 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 NRZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.724M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NRZ (ASX) Chart |
Day chart unavailable