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
$1.43 |
Change
-0.025(1.72%) |
Mkt cap ! $1.101B |
Open | High | Low | Value | Volume |
$1.49 | $1.49 | $1.42 | $5.371M | 3.685M |
Buyers (Bids)
No. | Vol. | Price($) |
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11 | 113359 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.43 | 4388 | 7 |
View Market Depth
No. | Vol. | Price($) |
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8 | 12190 | 1.440 |
10 | 45478 | 1.435 |
12 | 149423 | 1.430 |
9 | 187568 | 1.425 |
15 | 97594 | 1.420 |
Price($) | Vol. | No. |
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1.445 | 9945 | 7 |
1.450 | 53674 | 12 |
1.455 | 23836 | 4 |
1.460 | 128735 | 9 |
1.465 | 128219 | 6 |
Last trade - 10.54am 14/06/2024 (20 minute delay) ? |
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Last
$1.42 |
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Change
-0.025 ( 1.26 %) |
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Open | High | Low | Volume | ||
$1.48 | $1.48 | $1.41 | 833461 | ||
Last updated 11.13am 14/06/2024 ? |
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