I read that only $200,000 of the rights issue is underwrited.
So That would make only $5m coming in if it drops below 2c and no holders decide to pay 2c for shares.
IMO the price will flick around, so Im looking for ins and outs, I was hoping for a news update to boost this up, but a dilution is a bit of a dampner,
I will take a look on the next swing.
Ann: Capital Raising and Board Changes, page-38
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