Best thing they could do is cancel the SPP and do a 1:2 rights issue at $0.035 inc a free option (essentially forcing shareholders to commit or be diluted heavily). Then maybe management don't want to stump up more cash...
I don't know the history of the debt facility but that has been there for way too long and should have been dealt with by now. Hope there's not a market cap covenant on the debt?
Best thing they could do is cancel the SPP and do a 1:2 rights...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.780M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 40000 | 1 |
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| Last trade - 16.12pm 07/10/2024 (20 minute delay) ? |
| MPR (ASX) Chart |
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