Just to re-iterate.
At end of Q1 FY21 cash was $1.5m +$2m in term deposit. Probably earnings 0.001% in the term deposit, horrible cash management.
Raising ~$3m now, after raising $4.1m a quarter or so earlier.
25% dilution to shareholders right now that aren't allowed to participate.
Read the prospectus now.
Suda paying Baker Young 2% management fee for the raise = $54k
Suda paying Baker Young 4% "placement fee" for the raise = $108k
$162k in fees for a cash raise that isn't required at the moment, because you have locked up your cash in a term deposit.
Other expenses of the offer are estimated at $250k (refer pg 29, prospectus).
Baker Young awarded 2.2m options with 2 year expiry.
Suda is calling an Extraordinary General Meeting to approve the the directors participation in the placement. I will be voting against - there is too little justification after raising $4m so recently and locking up the cash in a bloody term deposit.
Pathetic.
- Forums
- ASX - By Stock
- Ann: Placement Offer to raise $2.76m
Just to re-iterate.At end of Q1 FY21 cash was $1.5m +$2m in term...
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALA (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $136.5M |
Open | High | Low | Value | Volume |
12.5¢ | 13.5¢ | 12.0¢ | $408.1K | 3.153M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 111691 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 102906 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 111691 | 0.130 |
5 | 329340 | 0.125 |
15 | 375604 | 0.120 |
5 | 199870 | 0.115 |
9 | 560936 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 102906 | 5 |
0.140 | 465931 | 10 |
0.145 | 208973 | 6 |
0.150 | 629681 | 10 |
0.155 | 400000 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
Last
13.0¢ |
  |
Change
0.010 ( 6.12 %) |
|||
Open | High | Low | Volume | ||
12.5¢ | 13.5¢ | 12.5¢ | 2007385 | ||
Last updated 15.57pm 07/06/2024 ? |
Featured News
ALA (ASX) Chart |