What can I say... the fact that they raised $8M at 20 cents just sets the floor the share price to move up even higher. Also the structure for Quidd is done perfectly, $5M upfront in shares-only and escrowed with very strict selling requirements... everyone that joins AB1 are here for the long term.
It's amazing to see Animoca with so much leverage that financial institutions are willing to go against ASX norms and raise at premiums. Just goes to show the quality of the company!
As always Yat buying in at every raise. Also good to see Tribecca (one of the top-perfoming Aus funds) joining the register. Way to go AB1!
AB1 Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held