I hadn't heard of this company until a couple of weeks ago. Spent a rainy day going through recent accounts.
My thoughts:
- Reporting after the market closed on 31 August shows that the company was under some sort of pressure, presumably re funding, given the deficit in NTA etc
- There would have been an audit comment re going concern without the capital raising
- Details yet to be officially announced but press reports indicate $30-$35m to be raised
- On those figures, Alceon will put in $10.76-$12.55m
- Alceon are owed $11m re Ezibuy sale plus the repayment of a loan to Ezibuy of $6.5m per note 28 which becomes due on the date that the $11m is paid. So Alceon could receive $17.5m from the proceeds of the capital raising, leaving the balance (less costs) for the trade payables
- That doesn't look as though it will make a significant difference with payables approaching $200m
- Noteholders will be in the driving seat
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Last
7.0¢ |
Change
0.001(1.45%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.9¢ | $4.601K | 66.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 302337 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 28120 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 302337 | 0.069 |
3 | 34925 | 0.067 |
1 | 10000 | 0.066 |
2 | 56000 | 0.065 |
1 | 10000 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 28120 | 3 |
0.071 | 200000 | 1 |
0.074 | 8100 | 1 |
0.075 | 57087 | 2 |
0.076 | 24860 | 1 |
Last trade - 15.56pm 30/07/2024 (20 minute delay) ? |
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Nick Poll, Executive Director
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