Great deal. Appalling raise.
It's as simple as that.
Rough week for the loyal SH here. The free options are a joke PH.
In relation to the Offer, Imugene Founder and Executive Chairman Paul Hopper said: “I am delighted with the very strong support shown for the raise with institutional interest coming from Australia, Asia in particular, and the US..."
No Sh!t. You just gifted 20% of the company away at bargain basement prices.
This deal should have warranted a CR at the same discount without the free options. And the SP would be trading circa 9c right now. 10% higher than it is
Why IMU is a multi multi bagger, page-15212
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Last
5.5¢ |
Change
0.003(5.77%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.7¢ | 5.2¢ | $802.5K | 14.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 348447 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 1214875 | 6 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |