You'll probably find they are trying not to repeat the errors of ODN. So ODN had to do a rights issue at 1.2cents to complete their DD. This most likely is what impacted their meteoric share-price rise. Whereas, EXM are doing it early, so they don't have to do it again and have $$ to complete their DD once they have an acquisition.
Just a theory.
You'll probably find they are trying not to repeat the errors of...
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Last
$2.72 |
Change
0.060(2.26%) |
Mkt cap ! $190.0M | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.72 | $2.58 | $100.4K | 37.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 858 | 2 |
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