It's called "death spiral financing" and the reason why I got out of the stock after earnings. Look up the terms of the deal last year after the initial period, and you'll understand.
Ann: Ceasing to be a substantial holder, page-14
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $5.536M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $3.317K | 303.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 475197 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3070390 | 9 |
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| Last trade - 10.21am 05/11/2024 (20 minute delay) ? |
| WHK (ASX) Chart |