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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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $26.70M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $47.15K | 2.242M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 62672 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 726409 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 62672 | 0.021 |
12 | 1135761 | 0.020 |
15 | 1688996 | 0.019 |
10 | 2430624 | 0.018 |
5 | 488323 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 726409 | 7 |
0.023 | 169286 | 3 |
0.024 | 543200 | 6 |
0.025 | 842463 | 8 |
0.026 | 25564 | 3 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
2.2¢ |
  |
Change
0.001 ( 0.00 %) |
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Open | High | Low | Volume | ||
2.1¢ | 2.2¢ | 2.1¢ | 250373 | ||
Last updated 14.57pm 05/06/2024 ? |
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