The positive news is that they will probably raise another $1.4M.
Pretty vague about how this will really be used.
Negative news is that the placement is at 12c with a free option ie more dilution.
Only Taylor Collison clients or directors get this deal.
No mention of a rights issue at same price to all other shareholders who will be diluted without any chance to participate.
They have also now pushed the value down to 12c.
Without a rights issue this should be rejected.
The board has a lot of explaining to do.
Ann: Queensland Weather Conditions , page-6
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $6.405M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $2.829K | 217.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 176922 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 132423 | 1 |
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| Last trade - 14.14pm 14/11/2024 (20 minute delay) ? |
| PPY (ASX) Chart |