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
7.4¢ |
Change
-0.001(1.33%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 7.4¢ | $152.1K | 2.044M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222565 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 176934 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ASN (ASX) Chart |