Paying $840,000 for $3.5m facility isn’t great and no way are they paying any of it back in cash. So will be even more dilution when they convert at a discount.
Hope it works out for you but seen it all before so I’m out as soon as I can get out. Unfortunately not enough volume to exit straight away without crashing SP. So will have to be patient.
Ann: Executes Convertible Securities Agreement To Fund Growth, page-3
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Last
6.2¢ |
Change
-0.008(11.4%) |
Mkt cap ! $9.876M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 6.2¢ | $1.836K | 29.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11882 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 53554 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
6.3¢ |
Change
-0.008 ( 8.70 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.3¢ | 6.3¢ | 452 | ||
| Last updated 14.54pm 21/05/2024 ? | |||||
| SRJ (ASX) Chart |