A. The Company can opt not to issue further tranches, and terminate the Agreement without penalty. This ensures that the Company can avoid dilution at below a level that is acceptable to it.
Depends on what ADO management consider 'acceptable' dilution...
If they go for the extra 4.5M on same terms then yes the SP will get hammered, again.
The whole approach to minimizing dilution looks seriously amateur.
Did they not know that Bergen has done this before to other companies...or did they know and that was the backhander to Bergen to do this interest free, and basically get the shareholders/traders to pay the interest !
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- Ann: Appendix 3B-ADO.AX
A. The Company can opt not to issue further tranches, and...
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $54.77M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $21.58K | 1.020M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 378168 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.021 |
10 | 1443457 | 0.020 |
10 | 2127381 | 0.019 |
5 | 1657002 | 0.018 |
4 | 1574748 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 378168 | 5 |
0.023 | 642868 | 9 |
0.024 | 141966 | 2 |
0.025 | 478846 | 7 |
0.026 | 83915 | 2 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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