The $60 million extra in the bank represents approximately 11.37% of the current market cap, and the issuance of new shares would result in approximately 13.23% dilution to the current shares on issue.
Disappointed that the dilution % is more than the extra cash %.
Essentially, the loss in value due to dilution is greater than the gain in value by having an extra $60 million in the bank.
Ann: FDA Approves Sofdra, page-218
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Last
37.3¢ |
Change
0.003(0.68%) |
Mkt cap ! $675.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.8¢ | $572.1K | 1.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36415 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 214159 | 11 |
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| Last trade - 14.04pm 08/10/2024 (20 minute delay) ? |
| BOT (ASX) Chart |