Hi Skywaker, due to 1mc being in suspension for more than 8 days in the past year they don’t have exemption from certain legal requirements in regard to raising funds without a prospectus (disclosure), as such they have to issue one of these compliance prospectuses with a nominal placement amount otherwise all shares acquired in the recently announced placement wouldn’t be able to be traded for a period of one year.
So all just legal hoopla to ensure the placement shares aren’t subject to a one year trading restriction and you regularly see them on companies who have been in trading suspension for extended periods when they raise funds.
Thats my understanding of it anyway.
Hi Skywaker, due to 1mc being in suspension for more than 8 days...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.832M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20206 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 20207 | 2 |
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| Last trade - 09.45am 27/06/2025 (20 minute delay) ? |
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