It won't appear on my dodged bullets list because I'm not selling it. I never said they have allocated capital poorly. I also have faith in the management's vision for the business, that's why I'm invested. I just think they could have gotten a better price for the cap raise and dilluted our holdings significantly less. However if my third option is the reason for how they went about this raise - "they think there is a huge oportunity to invest heavily in the near term in the business to turn it into a significantly bigger business" then fair enough, sounds like you think that is the case. As you say, they would be the best ones to know if this is true. I feel the same as you generally that what is good in the long term for shareholders is good regardless. TBH I am just a bit frustrated with unfair capital raising having had it happened to me recently with IntelliHR and before that to a lesser degree with Eroad. This one feels disproportionately good for the instos and somewhat dodgy, I havent even had a chance to analyse the business post age of darkness success let alone this new contract and a ton of new shares are being issued, and it is a lot
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81.5¢ |
Change
0.015(1.88%) |
Mkt cap ! $332.5M |
Open | High | Low | Value | Volume |
79.0¢ | 82.5¢ | 78.5¢ | $383.7K | 474.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15018 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.5¢ | 3006 | 1 |
View Market Depth
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2 | 15018 | 0.800 |
1 | 3364 | 0.795 |
1 | 24007 | 0.785 |
5 | 12615 | 0.780 |
1 | 6426 | 0.775 |
Price($) | Vol. | No. |
---|---|---|
0.815 | 3006 | 1 |
0.820 | 23364 | 2 |
0.830 | 13000 | 2 |
0.840 | 10000 | 1 |
0.845 | 4500 | 1 |
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