It's because all those 'loyal'shareholders didn't support the last cap raise at 23c!!
Last time only around $240k was taken up in the SPP, because the share price had dipped below the offer price by a couple of cents. I took up the full $30k, because I had big gains in the shares since I bought in, and companies can only operate if shareholders contribute to cap raises.
There were plenty of 'loyal' shareholders that had made a heap of money on the stock, but didn't bother supporting the company when they came calling.
Why should they 'trust' shareholders to step up to the plate this time?? I wouldn't if I was in their shoes either!!
To management, well done on a fast cap raise..
It's because all those 'loyal' :rolleyes: shareholders didn't...
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20.0¢ |
Change
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Mkt cap ! $573.0M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1895959 | 19.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 157824 | 3 |
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