A great example of retail investors getting screwed up by institutions.
All planned up with few institutions and DRO management - Releasing announcements and tentatively pump up the share price to attract investors.
Then dump the shares at $1.1 to all retail investors before buying back at $0.8 / share through unnecessary capital raise.
If the company already has over $50m in cash and minimal debt there is absolutely no need to raise another $75m.
Bit ridiculous in my opinion plus the company has actually burnt $10m in cash in Q1 2024 alone, despite "claiming 10x on revenue" but cash receipt shows otherwise, pretty much the same as Q1 2023 at $7m.
Seems like more cash burnt this year, in tens of millions, hence the cap raise.
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Last
$1.30 |
Change
0.000(0.00%) |
Mkt cap ! $937.7M |
Open | High | Low | Value | Volume |
$1.24 | $1.32 | $1.18 | $12.78M | 10.05M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 11612 | $1.29 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.30 | 3724 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 4888 | 1.290 |
2 | 5467 | 1.285 |
3 | 65001 | 1.280 |
2 | 30001 | 1.275 |
2 | 786 | 1.270 |
Price($) | Vol. | No. |
---|---|---|
1.295 | 3724 | 1 |
1.300 | 34000 | 3 |
1.305 | 20001 | 2 |
1.310 | 31664 | 3 |
1.315 | 21527 | 3 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.30 |
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Change
0.000 ( 0.68 %) |
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Open | High | Low | Volume | ||
$1.22 | $1.32 | $1.19 | 2801176 | ||
Last updated 15.59pm 07/06/2024 ? |
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