The 30 day VWAP in November prior to launching the Rights issue was 8.1 cents so with a 20% discount being 6.5c a issue at 5c plus an option was supposed to be a no-brainer.
The current price is just people recently out of escrow moving cash to other things.
Strategiclaly, growth initiatives are all but done so the only option this week is to ride out the storm.
The 30 day VWAP in November prior to launching the Rights issue...
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2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.046M | |||
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