No, your first instinct was right.
Either we need money and therefore a raise, or we don't because the company is generating cashflow and the share price is irrelevant then since it has no impact on the company's operation.
A raise to increase "the liquidity and the quality of the shareholder base" is one of the most bullshit reason I have ever seen as an investor for a cashflow positive company. Even more considering it isn't even disclosed to who that went despite the considerable discount and the quality claims.
No, your first instinct was right.Either we need money and...
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $25.65M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $38.63K | 267.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6456 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 70000 | 2 |
View Market Depth
| Last trade - 15.32pm 27/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
-0.005 ( 3.45 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 15.0¢ | 14.0¢ | 78919 | ||
| Last updated 15.18pm 27/05/2024 ? | |||||
| KAU (ASX) Chart |