ATH 0.00% 0.3¢ alterity therapeutics limited

Ann: Alterity Therapeutics Raises $4.8M AUD in Placement, page-8

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  1. 1,351 Posts.
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    Ugly.. and will particularly hurt those with larger shareholdings, who see their shareholdings obliterated through dilution and get the same opportunity as those with small shareholdings to subscribe for up to $30k. All for a relatively modest $4.5m raise.

    New shareholders could sell now at 0.004, bank a 12.5% profit and keep the short and long options, risk free. It's hard to imagine those bidding at 0.004 will not be taken out in the near future.
 
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