Price has moved to 11 cents after its recent lows. 1 for 14.5 shares is only a 7% dilution so I think the market likes the CR to shore up the balance sheet. Zero shorts. Perhaps the recent downwards share price pressures were Instos trying to ensure they got their hands on as many shares as they could at the lowest price, hence the share price bounce today shows any new shares are currently in the money. No shorts is a sign of confidence. No one is betting against the company and CR raised all the cash it desired to. Retails have the opportunity of averaging down if they have the cash to do so and can subscribe for 150% of their entitlements so that’s a good opportunity not to get squeezed out of the market. Blue skies ahead as they are chasing high margin contracts in the near term. I’m taking up my full entitlement and some, cheers and good luck to all
EVS Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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