What a shemozzle this capital raising is....share price shows how poor the OPT leadership team has run this.
There will be more than 560 million new shares issued - see the prospectus (section 4.4 on page 45).
Most of these will be on the market for months and months.
Share price now $0.36, more than 50% less of what it was recently ....very poor outcome for existing shareholders.
Ann: Application for quotation of securities - OPT, page-3
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85.0¢ |
Change
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Mkt cap ! $1.046B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 3000 | 84.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 980 | 1 |
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