They could make it renounceable and fully underwritten. A recent such issue by SYA was oversubscribed.
SP will drop either way to issue price after completion - 2c here it comes.
Personally I don't see the point of the raise when you consider that the organiser will get a cool $600K to do so. If they are making money then pay debt back as you go. So, by raising you blow $.6mill and dilute by another 500mill shares and sp drops - that to me is not a good way to reduce debt.
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Last
76.0¢ |
Change
0.020(2.70%) |
Mkt cap ! $63.28M |
Open | High | Low | Value | Volume |
74.0¢ | 76.0¢ | 73.0¢ | $139.0K | 186.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 75.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.0¢ | 111132 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.755 |
1 | 20000 | 0.725 |
2 | 21000 | 0.710 |
1 | 19895 | 0.670 |
2 | 20028 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 111132 | 3 |
0.770 | 4167 | 1 |
0.775 | 29167 | 3 |
0.780 | 21903 | 2 |
0.785 | 25000 | 1 |
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