Diluting via Credit raise at .001 or .004 is more difficult and painful than when the SP is sitting around 1$ or 50c.
One thing consolidation does is, it provides room for the mgmt to keep diluting. Dilution via repeated CR is what most are worried here sepcially given the high salaries and wages.
If the fundamentals don't change the the execs will stay till they can draw the high salaries and will eventually move on. Unfortunately, the shareholders won't be able to move on with taking a hit.
Ann: Chair's Address for 23 November 2022 AGM, page-37
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $29.03M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 29.5¢ | $48.56K | 161.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 32083 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |