I think there is the risk of a value destroying capital raise here. There is precedent with the first itrack raise at 1.40 followed up by another at 1.00. Management should put 2RT to the side for now and focus on iTrack to avoid excessive dilution at these levels. If they do a raise it seriously brings into question their ability to generate shareholder value imo.
I think there is the risk of a value destroying capital raise...
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Last
24.0¢ |
Change
0.025(11.6%) |
Mkt cap ! $54.91M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 25.0¢ | 22.0¢ | $250.2K | 1.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30000 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 3900 | 1 |
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| Last trade - 15.59pm 04/07/2024 (20 minute delay) ? |
| EYE (ASX) Chart |