Wow, I'm actually surprised they managed to get $3m.
But that's more than 400% dilution, or more than 600% dilution if you include the options which are nearly in the money.
In other words, the investors in this raise are buying 87% of the company!
The shareholders of current shares now only own 13% of the company total!
Outrageous. But no other options when the market cap is a million dollars.
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Last
1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $3.624M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.6¢ | $83.00K | 4.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2688199 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 350895 | 2 |
View Market Depth
| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| IBX (ASX) Chart |