onthego,
I'm only surmising here but I would imagine a cap raising with broker underwriting would entail some lengthy negotiations. The broker would not want a rising share price during negotiations as they would want to know what $ they may be on the hook for. A steady shareprice would assist both parties in negotiation.
Just my thoughts only, I've not had experience in these matters and unlike you have not had contact with the company.
Cheers
$eeker
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Last
87.0¢ |
Change
0.010(1.16%) |
Mkt cap ! $198.4M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 87.5¢ | 84.0¢ | $68.31K | 80.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10179 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 2000 | 1 |
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| NDO (ASX) Chart |