The $1M at a 10% discount is pretty good from a dilution perspective.
My issue is that it is a meaningless amount given our cash burn. Hopefully, it is just a stop gap to see them through to the signing of a partnership deal.
Either way, AVR is very weak and any partnership arrangement will factor that in. I think we are looking at being bought out cheap rather than a partnership. Either someone will take immediate control or they will promise a series of payments that will allow them to take control over time.
The $1M at a 10% discount is pretty good from a dilution...
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Last
$15.65 |
Change
-0.060(0.38%) |
Mkt cap ! $300.8M | |||
| Open | High | Low | Value | Volume |
| $15.72 | $15.85 | $15.51 | $1.660M | 117.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 312 | $15.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.65 | 626 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| AVR (ASX) Chart |