My experience with these credit facilities is this, expect carnage
They swamp the market with their shares they got at a discount, and the shorts enter big time, the price crashes, they get more shares at a discount, they sell and the cycle continues all the way down
You are correct, time to raise is now
Death Spiral Financing (youtube.com)
Convertible Debt: Death Spiral (Part 1) (youtube.com)
My experience with these credit facilities is this, expect...
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $135.5K | 1.128M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29833 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 152310 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |