It supports the company by providing it capital to continue operations. This is obvious and does not really even warrant an answer.
It dilutes the shareholders, which are not the company.
A capital raise always benefits the company balance sheet.
In fact, I'd way prefer dilution via a capital raise issued to retail shareholders compared to the wanton issuing of shares via perfromance rights etc.
It supports the company by providing it capital to continue...
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Last
46.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.71M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 465000 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 200000 | 1 |
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