I think this CR is reasonable, which is what I expect from Zwan. The dilution is only 7.5% and he could have gone for 15%.
The discount is 0.5c (around 10%), although a monster premium over the weighted last 30 days - so well timed. 2 days ago it was 0.4c
These raisings will be redundant once revenue starts rolling in, so to do a small raising of $1m is OK with me.
Ann: Response to ASX Query, page-26
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $10.84M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $16.34K | 4.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 39607784 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 13816578 | 13 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MRQ (ASX) Chart |