We have to draw a minimum of $10m. We can draw up to $29m but we may only draw part of it. Plus LDA get the 75 mill options at what should be a bargain basement price.
LDA get a a great deal and we get financial certainty just before take off which is a great thing to have.
There is no way LDA would be putting up that sort of money without significant due diligence, and i mean significant. Ie, satisfied AKIDA actually works and will sell. Lets face it, if AKIDA duds out they lose all just like the rest of us.
So i see the deal as validation of AKIDA as a very viable product.
We have to draw a minimum of $10m. We can draw up to $29m but we...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.3¢ | $1.524M | 7.685M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 721709 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 776034 | 19 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |