Ann: Non-Renounceable Rights Issue Offer, page-5

  1. 2,805 Posts.
    lightbulb Created with Sketch. 311
    No mate. It's because they can't legally keep issuing to their own inner circle. They have to offer something to market.

    If they actually gave half a toss about shareholder value they'd do this cap raise at 1.5 cents. Or heck, 4 cents. 50 million new shares instead of 500 million would sure make me a heck of a lot happier.

    They clearly see the value proposition, which is fantastic, but they should demonstrate to long suffering holders that they're willing to take a risk too.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $29.92M
Open High Low Value Volume
0.6¢ 0.7¢ 0.6¢ $141.9K 20.41M

Buyers (Bids)

No. Vol. Price($)
54 47839715 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 1131922 3
View Market Depth
Last trade - 16.10pm 25/07/2025 (20 minute delay) ?
OVT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.