Thanks Seb, I like many are not looking forward to another cap...

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edd111111

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18/10/21

14:27

Post #: 56879690
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Originally posted by SebTaylor: ↑

Hi Edd,

That's not a new capital raising its just a provision to allow the company should it need to, to be able to raise up to 25%.
It's a standard provision and many companies will seek to do it each year. We probably would have had it in the resolutions last year as well.

I think the company should be okay for the moment for cash - it wouldn't surprise me should the US Marines uniforms prove successful we do a raise then, but that will be sometime away and would also require a deal to be done with them (which is not guaranteed).

However I also would like to note that the company has borrowed from Collintons AUD $5.15m via a convertible note back in 2019 - this will need to be paid back in Dec 2023 - however I suspect that Collintons may convert to shares (at 6c I believe which was part of the deal), that itself will mean another 85 million shares being issued at some stage - so just keep that in mind when working on possible market caps and valuations.

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Thanks Seb,
I like many are not looking forward to another cap raising without something substantial attached to e.g. military or other larger contract where the invested monies goes into generating profits rather than operational costs. 85 M shares is a decent sum to keep in mind, especial for a share price in the teens.

AJX Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $15.73M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$140	14.00K

Buyers (Bids)

No.	Vol.	Price($)
1	1535719	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	6314	2

View Market Depth

No.	Vol.	Price($)
1	1535719	0.010
6	519629	0.009
3	511000	0.008
2	240000	0.007
3	516888	0.006

Price($)	Vol.	No.
0.012	6314	2
0.014	137511	2
0.015	129929	2
0.016	5328505	2
0.017	321118	2

Last trade - 16.10pm 13/11/2024 (20 minute delay)

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