Oh, here is a way this finance debacle is going to be the death of WKT (IMO) - The current cap raise fails to raise the required funds.
It's just astounding that anyone could just assume they are going to raise min $16million;
* they've tried and failed before (many times) - remember, not even the junk bondsmen were interested in little old WKT
* no underwriting this time? (suggesting lack of confidence)
* no firm commitment from the big holders to take up the offer (let alone shortfall)
Whilst I can hear the WKT fat lady warming up off-stage, what the hell is going on with twice daily tweety tweets making it look 100% rosey - the company is just a few steps away from disaster IMO.
One more sleep to discover the next holiday period - NLN.
#strandedbull
Ann: Quarterly Activities Report, page-640
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Last
9.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.45M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.9¢ | $1.389K | 13.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44620 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 108543 | 3 |
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| Last trade - 15.51pm 15/10/2024 (20 minute delay) ? |
| WKT (ASX) Chart |