Why would you consider holding this stock at this time?
1. The company is seeking to raise a further large amount of funds after their recent failed in-house attempt.
2. They have engaged Macquarie Bank (The Millionaire Factory) to do this and they dont come cheap but have been known to buy cheap.
3. In the current market they will have to offer a 20% discount to attract funds if they can find an idiot who would trust the Board.
4. This would indicate a figure in the low to mid 30 cents for the raising. A guaranteed 20% loss for current holders and a massive dilution.
5. With this information already in the market I would be very suprised if this stock was not being shorted to the max.
I would be most interested to hear from those staunch holders who have a diverging view. With my Sympathy. Norm
20% loss guaranteed?
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20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $462.0M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.8¢ | $990.7K | 5.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 265573 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1687189 | 51 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |