i dont think so, cause its entitlement offer, normally here are two outcomes:
failed on capital raising cause shareholders do not want to burn more money due to lose faith on business, then the sp will drop a lot, much lower than 1.85;
successfully raise capital, then the sp will above 1.85 or even hang there between 2-2.3
Ann: Strategy refresh and capital raising presentation, page-23
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80.5¢ |
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Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
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