ELE 0.00% 0.5¢ elmore ltd

Well they raised $5million not that long ago by issuing shares...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 255 Posts.
    lightbulb Created with Sketch. 41
    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.
 
watchlist Created with Sketch. Add ELE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.