A good question... as the last raise was the IPO at 20cents
This raise being a rights issue of 3 for 5 at 6 cents brings the IPO shareholders dollar cost average if they take their full entitlement up, to 14.75cents, 64% above the current price.
This is where I’d guess you may get a bit of stock or its only the true believers left in which means any positive news flow may see it go way way higher...mmmm...time will tell.
Ann: Placement & Rights Offer to raise approximately $6 million, page-45
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Mkt cap ! $24.85M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $167 | 1.668K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 154245 | 10.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 21707 | 2 |
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