I’ll tell you what also cost you market cap and dilution.
The company was offered through their mandated broker 2m at 2 cents a share plus a rights issue.
Nothing to do with Nviso (guess they needed someone other than Blake to blame ) - My understanding is that Peak just wanted a board seat which is fair for that ticket size.
Question to the Board next time you speak with them - Why did you turn down 2m at 2 cents?
And apparently there is a dispute over a break fee because they went elsewhere and raised at 1.4c.
Doubt the company will admit it but why don’t you go and confirm this with Peak.
I guess that’s what you do to ensure a cushy board fee.
General Discussion, page-2709
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Last
1.5¢ |
Change
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Mkt cap ! $17.81M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $2.25K | 155.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3438187 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1441064 | 4 |
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