Proposed Placement is a very welcome achievement by NRZ, but not without some unpleasant implications.
Note the following:
1. It is subject to shareholder approval. No worries, routine activity.
2. Funds will not arrive until end of June 2023.
It is a get out of jail ticket to get NRZ over the end of quarter cash requirements. IMO.
Also, it is an indication of severe financial stress. More funds are urgently needed.
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.358M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| NRZ (ASX) Chart |
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