Which again Ill add to the chorus that a lot of us are feeling, why knowing this information would you decide to do a raise at the all time low cap raise price, just a week before when you knew this was coming out and when the company did not need the money. We were hitting 2.7-2.8 pirces days before the raise, with this great half yearly more than likely we would be testing 3.1 again if there was no fear of 181 million shares on dilution about to hit market, but now here we are hovering around the raise price in anticipation huge dilution.
IMO this is the first misstep from Nan, bad decision making with the timing, we could of definitely held off until end of year to see if a cap raise was even needed as we were and ARE as released today "Comfortably funded with $2.6 million in cash and an undrawn NAB facility of $2.0 million as at 31 December 2023" This NAB facility is still in place.
Hopefully she can still reach her target price of 5c by end of year, going to be a lot harder now with 181 million shares that will be sitting on 100% profit at 4.4. Just mindboggling decision making :S
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