Yes, I agree it is troublesome. BPH also has a history of consolidations, so my guess is they will try for another capital raise taking them to about 1billion shares outstanding, then they might consolidate taking them back to about 200million shares outstanding.
I also previously highlighted the fact BPH were seeking shareholder approval to raise more than the standard amount allowed by listing rules, (hence requiring shareholder approval, which i believe they got).
The sad end to the story is the market might be realising BPH is no longer that attractive, and therefore the future capital raises might fail.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-33
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $20.65M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $91.52K | 4.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1956600 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1000000 | 1 |
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| Last trade - 15.48pm 28/06/2024 (20 minute delay) ? |
| BPH (ASX) Chart |