Perhaps the company should also provide an update to the market on the Lanstead Agreement.
$6m placement was proudly announced or $283,333 per month over 18 months. Well if you read the rest of the article its just a placement over the next 18 months at share market value on the 26th of each month.
On my calcs for the Sept and most likely the Oct placements that will be only 30% of the publicised amount or $85,000 instead of $283k.
If it stay that way it will only be $1.5m instead of $5.1m. Maybe they got their calcs back to front.
Haven't seen an announcement for the issue of shares for the September payment.
Not an expert, should there be a cleansing notice for the issue of shares each month?
I expect that given their corporate governance statement on disclosure, the directors would update the market if there was something to tell.
IMO
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