25% discount...... siggghhhhhhh
Also no underwriter.
I do like that management have seen fit to Take some on the chin also though, so props to them for that.
I guess its double down or wait and see what happens....... Im not flushed with cash atm so this will not be an easy decision.
The fact that the oppies are only aiming for a strike price of $0.07 on or before 31 October 2025. tells you that this is not expected to be a quick out of this SP hole or they see fit to try and make that they have a realistic conversion for more funds.
Would love to hear what others are thinking and if you think my thought process is sound?
Ann: Non-renounceable Rights Issue to Raise up to $4m, page-2
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $11.48M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.6¢ | $3.424K | 94.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 357431 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 6421 | 2 |
View Market Depth
| Last trade - 10.39am 24/05/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
-0.002 ( 2.70 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.6¢ | 39800 | ||
| Last updated 10.39am 24/05/2024 ? | |||||
| WIN (ASX) Chart |