Couldn't agree moreIs the board saying they couldn't raise funds...

  1. 529 Posts.
    lightbulb Created with Sketch. 334
    Couldn't agree more
    Is the board saying they couldn't raise funds at 3.6 cents without the 3 year options??

    Doesn't install much confidence does it.
    The capital raising is a no brainer for those sophs who are lucky enough to get a seat at the table

    Long term and retail investors will likely get little out of this raising, even withthe SPP

    400 investors seeking $5000 worth of the deal will see out the SPP at $2mill.
    The SPP is likely to be heavily oversubscribed

    For those into the new deal clear incentive is to sell the shares and keep the free 3 year options

    This is likely to result in further downward pressure on the share price

    There will be no announcements for possibly up to 6 months to trigger any tech excitement in this stock

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.4¢
Change
-0.001(4.00%)
Mkt cap ! $49.46M
Open High Low Value Volume
2.5¢ 2.6¢ 2.4¢ $108.5K 4.350M

Buyers (Bids)

No. Vol. Price($)
19 2118220 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 917347 1
View Market Depth
Last trade - 16.10pm 26/06/2025 (20 minute delay) ?
4DS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.