I think the capital raising is more about gaining deal bargaining power [ from a position of having plenty of cash in the bank] and not having to accept inadequate deal offers due to a lack of cash.
Kens
Ann: Phosphagenics $19.3 million Capital raising, page-41
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Mkt cap ! $9.507M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.32K | 440K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 40522233 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 40065430 | 31 |
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| AVE (ASX) Chart |