I think the current board would take any deal they can get to create a facade of achieving something tangible. what have they achieved with this deal? not much...
LG hold all the cards. FOR FREE
AUZ do not have a good history of securing this type of finance and I suspect they never came anywhere close last time.
why would BoD sign this deal?
1) make it appear as something tangible has happened
a) Raise more money via credit raises (using point 1)
b) allow sophisticated investors to partake in the raise and sell out immediately with a quick flip profit
c) secure another year of huge salaries
they are in my opinion, legitimised and perpetual scammers
I think the current board would take any deal they can get to...
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1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $12.52K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 52 | 16051201 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.1¢ | 2309154 | 6 |
View Market Depth
| Last trade - 16.10pm 23/04/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.0¢ | 8403466 | ||
| Last updated 15.32pm 23/04/2024 ? | |||||
| AUZ (ASX) Chart |