All my opinion HC,
The only way they can get a decent amount of money is by doing a pump and dump. At these levels the stock is worthless and will be majorly diluted if a CR was done now. Pump and dump strategy is a bit on the nose to say the least, and will most likely bring the price back down to where it is now, if not lower.
One other thing, they will not be able to perform a successful CR without some really really REALLY positive news, otherwise most investors will feel like they are throwing more money into the same company they already did 12-15 months ago and with little progress. You may be able to get away with this in VC land, but private investors are usually privvy to alot more info regarding the actual position and tech in the company. Public companies have to be more careful about what they actually release as anything on the tech side that isn't fully protected by IP yet is very vulnerable.
CR in this com pany at this time will not bode well - unless a massive piece of news accompanies it, like a JV or a couple MOUs. (one will not be good enough imo)
All my opinion HC, The only way they can get a decent amount of...
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Last
$2.96 |
Change
-0.100(3.27%) |
Mkt cap ! $558.2M | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.08 | $2.96 | $1.630M | 544.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13888 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 2552 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.96 |
Change
-0.100 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.05 | $2.96 | 98253 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WBT (ASX) Chart |