Well they raised $5million not that long ago by issuing shares at 2.5cents. And they are allowed to issue either 10 or 15% new shares each year without even needing shareholder permission so saying they are never going to do it again is a very bold statement. I myself am quite confident they will raise again, if not now than sometime in the future. The money isn't coming in quickly enough to fund rapid expansion without it.
- Forums
- ASX - By Stock
- ELE
- Ann: Sales Update
Ann: Sales Update, page-35
Featured News
Add ELE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online