As frustrating as he maybe, it's the reality.
We drew down on the ATM facility not long ago.
And, now we are paying some random family office fund manager for death spiral financing while paying them an odd 2mil shares as a fee for giving a deal (make that make sense... Paying an investor to make an investment). The business model of RNE is literally that of an investment fund, however as investors we are paying them for running a company... If not MORE as they are not fund managers. We have obligations part of other investments/tranches to meet and management is getting desperate for cash without seeming desperate. This "Institutional raise is something else in disguise".
Imho
- Forums
- ASX - By Stock
- RNE
- Ann: Institutional Investment
Ann: Institutional Investment, page-6
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $1.815M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $5.658K | 2.303M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 28420667 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 5755685 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 28420667 | 0.002 |
17 | 24679926 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 5755685 | 9 |
0.004 | 6247243 | 8 |
0.005 | 1853096 | 5 |
0.006 | 396233 | 1 |
0.007 | 3381088 | 3 |
Last trade - 15.59pm 23/08/2024 (20 minute delay) ? |
Featured News
RNE (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online