Well, they just cleared a potential US$4m liability and the entire company is apparently still only worth AU$3m.
Either its off the radars of investors as a "third-of-a-penny" stock, or there's an expectation that if you're an interested party, you'll be able to pick up shares in the upcoming capital raise.
Capital raise could be done at a 33% premium and the company will still only be valued at AU$4m. Hope they do raise at a premium and shut out those that have been dumping since re-listing.
Ann: Range Successfully Appeals ITO Assessments, page-6
Add to My Watchlist
What is My Watchlist?
