Buying them out takes money away that could be used for working capital/bills.
This then reduces the time they have to get another deal done…. or announcement etc etc. Before the need to raise again.
I don’t see that as nefarious.
They had multiple $5M tranches, not sure if any required an agreement between both parties to payout.
Cheyne
Ann: Application for quotation of securities - NRZ, page-24
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.512M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.8¢ | 0.5¢ | $73.67K | 11.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 7497297 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1364440 | 4 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NRZ (ASX) Chart |