Now now come on - you said "they don’t partake in any further capital raises"
They've just committed $18m in a capital raise which is a pretty strong sign. At the likely conversion price of ~ $0.50, that's be an extra 36m securities they've acquired, taking them back up to 31.7% of issued capital.
Ann: Change in substantial holding, page-8
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30.5¢ |
Change
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Mkt cap ! $119.6M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $48.27K | 158.7K |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 35032 | 1 |
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| HFR (ASX) Chart |