There was "115 shareholders (who) applied for the total of $1,042,500, an average of $9,065 per shareholder."
That's not 20 or 30 or 40 but 115 Investors that committed new funds. The amount of the average contribution isn't small either - over $9,000 each.
The total raised was 45% greater than the $720,000 raised in the 2017 SPP.
It didn't stop there either, with a further $600,000 allocation to S&P Investors. It seems there was/is a big desire by a lot of Investors to buy more shares at 6.2c. At a Market Cap of $28m I think that tells the story of an undervalued stock.
Ann: $1,642,500 Equity Funds Raised, page-12
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Mkt cap ! $11.94M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.4¢ | $45.83K | 3.197M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1274159 | 3 |
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