That's an ugly raise IMO
10% interest rate, prob to be issued in discounted shares
Shares issued at 15% discount, perhaps 25% depending on conversion date
6% fee for arranging = $142k
1,000,000 free oppies to broker at 30c valid for 2 years
More free oppies to con note holders
Can't be bothered putting the spreadsheet together, but highly disappointing.
I sincerely hope that they are confident in their paid pilots and how the trials are going. I would have put in 2.5% of that $2.369m raise for a 10% discount. I'm sure a quick whip round here would have raised a decent chunk of change.
Management - if you read this - you've got to do better. 3 out of 10
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- Ann: $2.39 million raised via a Convertible Note
That's an ugly raise IMO10% interest rate, prob to be issued in...
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Mkt cap ! $15.83M |
Open | High | Low | Value | Volume |
2.0¢ | 2.7¢ | 2.0¢ | $39.14K | 1.709M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55000 | 2.6¢ |
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Price($) | Vol. | No. |
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2.7¢ | 329785 | 3 |
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No. | Vol. | Price($) |
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1 | 55000 | 0.026 |
1 | 50000 | 0.020 |
3 | 1109214 | 0.015 |
1 | 200000 | 0.014 |
1 | 500000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 329785 | 3 |
0.028 | 150000 | 1 |
0.070 | 100000 | 1 |
0.100 | 1000 | 1 |
0.110 | 27000 | 1 |
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