Have I missed a few comments?
Question...
In addition to the $600k (5% of $12M), the lead Manager (Evolution Capital) will also be receiving 32.5M Options at $0.001 (0.1c) for their efforts?! Noting exercise price ($0.25), these options are/were already in the money. Effectively, 32.5M shares in addition to the 60M new shares will dilute the market. Yes the expiry date is 2 Dec. 24, but if in the money they could be exercise today.
Am I reading the announcement right? Really hope I am wrong!
Ann: Strongly supported institutional focussed funding round, page-54
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Last
2.3¢ |
Change
0.002(9.52%) |
Mkt cap ! $30.51M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $205.6K | 9.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3090447 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1620616 | 8 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| VR1 (ASX) Chart |