This capital raising should not be a surprise.
Shorts can only cover via the placement and you'd hope management will allocate nothing to the shorts in the bookbuild and make them scramble in the secondary market.
Ann: December 2023 Quarterly Activities and Cashflow Report, page-44
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Mkt cap ! $313.0M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $510.9K | 1.692M |
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| No. | Vol. | Price($) |
|---|---|---|
| 66 | 1019585 | 30.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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