If this was done properly, the Board appointments would have been announced first with the associated raising carried out at a potentially less dilutive price following shareholder approval. This is very borderline as the new appointments only become official following issue of the trance 1 shares. Isn't this still a related party transaction? And why there is an immediate need to raise a further $9 million at 6.5 cents? Who had discretion to allocate this stock?
If this was done properly, the Board appointments would have...
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Last
$6.25 |
Change
0.560(9.84%) |
Mkt cap ! $2.359B | |||
| Open | High | Low | Value | Volume |
| $6.01 | $6.37 | $6.00 | $15.41M | 2.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34786 | $6.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.26 | 5000 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CMM (ASX) Chart |