I get your thinking and I initially had the same intention. However, on a closer look I think management are taking care of themselves and that erodes my trust.
I've also lost $$$$ in this, but the reality is this raise can't fix that. It will relist around 2 cents (despite all the work done in the year fixing the accounts, products, debt structure and management the company has lost another 2/3 of an already savaged mkt cap). With a 3 cent exercise price on the options, I can't see the share price going much above that for a long time. Even if I got 300,000 shares in the raise and it gets back to 3 cents, I make what $3k? That doesn't fill in the hole.
I see no point taking on the risk when management's track record is bleak. Better options elsewhere.
DYOR
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I get your thinking and I initially had the same intention....
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $41.26M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $1.733K | 50.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1282279 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 26362 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1282279 | 0.033 |
1 | 147078 | 0.032 |
3 | 411242 | 0.031 |
4 | 430000 | 0.030 |
4 | 104517 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 26362 | 1 |
0.035 | 347662 | 1 |
0.036 | 180050 | 7 |
0.037 | 50032 | 2 |
0.038 | 18000 | 1 |
Last trade - 15.31pm 25/07/2024 (20 minute delay) ? |
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AMS (ASX) Chart |