Hi @pilsner thanks for taking the time to respond.
FWIW, I think the announcement of the rights issue and cap raise will help with the liquidity issue, as there will be an extra 200million shares being issued.
Key highlights of the Rights Issue: Fully Underwritten Non-renounceable Rights Issue to raise circa $4.1 million Rights issue on a 1:2 basis at an issue price of $0.03 per share Funds raised will contribute towards expanding headcount, global sales footprint and working capital for product orders
I also noted that currently 88% is held by the top 20, also no doubt contributing to the liquidity issue, hopefully any increase to the free float will help.
As Pandon Holdings holds around 19% I would expect the 4 million raised to be put to good use.
Anyhow just a couple of my thoughts and all IMO, but I think there may be something brewing here still quite a small MC.
Cheers Herm
MSP Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
