Looks to be as a type of capital raise for more funds. Someone buys the securities now the funds are payable in September.
Can anyone explain how this works.
6 million raised can’t be enough so Vince needs more and we get 111.5 M more dilution to add to the last billion shares of dilution.
Care to explain someone who knows what this actually is ?
Ann: Proposed issue of Securities - AVL, page-2
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Last
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Mkt cap ! $133.8M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $49.61K | 3.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 32161855 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 14005290 | 17 |
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| Last trade - 11.44am 04/11/2024 (20 minute delay) ? |
| AVL (ASX) Chart |