When a company raises capital from shorters, you know it is in BIG trouble! Reinforces my rule against buying into shorted stocks no matter how cheap they might seem at face value.
This will take it to almost a 100 fold decrease in value. Hard to imagine how that could happen - but there it is.
Its probably going to way undervalued, but who would touch it?? The business is destined to get sold for peanuts.
Ann: Trading update and fully underwritten A$30m equity raising, page-35
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 46.5¢ | $288.9K | 610.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 105000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 39990 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |