Many thanks GMT and i wish you luck as well.
One of things learnt from the crisis was if sellers get a scent that a company requires capital and is vulnerable...they will sell the stock below right/SPP issue price reducing any incentive to participate - Big banks learnt it the hard way.
If CTO is unable to raise capital or raise minimal capital - i think there is further downside.
But the reason i got out of this was quality of management. How questionable is the timing or SPP announcement - before the quarterly and in a downward trending market. Pricing it at no significant discount to market price where the company market credibility is already vry shaky.
Will give this a look in Only and Only if there is a change in management.
Many thanks GMT and i wish you luck as well.One of things learnt...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 20397419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4090032 | 5 |
View Market Depth
| Last trade - 11.30am 31/07/2025 (20 minute delay) ? |
| CTO (ASX) Chart |
Day chart unavailable