JPunGuru,
One paragraph makes anyone doubt you're know what you're talking about.
"Company for some reason did capital raise twice with once at 4.5c (June 2020) and then at 10c (Nov 2020)... which again is surprising..as why pay fees twice and go through issue process when they could have done all in one go... IMO."
You believe they should have done one CR to save fees. Well a few things come to mind. Firstly most of the fees are done on a % basis. Sure there are extra fees for doing two raisings but not anywhere near double. They needed money in June when they did the first raising. So you say they should have raised more then @ 4.5c. The dilution rather than the second raising at 10c would have been a lot more excessive. Secondly, doing a bigger CR would have probably forced it to be done at a lower price as they would have been seeking far more cash, and thirdly a larger CR could have resulted in not being able to be filled, and even if it was filled at this lower price some of the extra shares issued would have been dumped on the market.
In a CR it's better to do what can be done without looking desperate. But doesn't matter which way you look at it, the two CR meant there are now less shares on issue.
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