They are not raising a lot, but they cannot raise more either (given were price is at) - and extending the deadline tells me that they have not hit the mark they were expecting and maybe we hear some positive news before the extended deadline to encourage participation.
Regardless 0.085 is wayyy under it's FV.
Ann: Non-Renounceable Entitlement Offer Extension, page-3
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4.2¢ |
Change
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Mkt cap ! $4.853M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.5¢ | 3.8¢ | $80.72K | 1.996M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 322736 | 4.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 1121312 | 3 |
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