AR9 5.00% 7.6¢ archtis limited

Ann: Pause in Trading, page-12

  1. 1,816 Posts.
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    Well this is disastrous! - unless it's to gear-up to service a large contract(but I expect we would have heard about any new contract before announcing a cap raise). They have never accounted for the last capital raise(about 12 months ago) as we still don't know what they spent the money on and now they come cap-in-hand for more??

    It will be interesting to see what the issue price will be and whatever it is I expect they will be available cheaper on-market when it dips below 10c. Of course that's assuming that it's not a raise by issuing only to sophisticated investors and us unsophisticated investors are ignored.

    Be prepared for an all-time low sp. The dilemma here is whether to accumulate or bend over and take the loss to exit.
    Yeah, I hate being right too.

    Last edited by tropic: 30/11/22
 
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