He didn’t go back to shareholders to raise though that was what he was taking about and it would have tanked price with massive dilution. As a rule. If a raise occurs and leads to the market cap increase greater than the dilution it’s a win for shareholders - If you are concerned then sell and hope to rebuy cheaper, but know this is no longer a going concern despite trading like it - so be careful you may not be able to rebuy cheaper.
He didn’t go back to shareholders to raise though that was what...
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Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.54M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.3¢ | 6.4¢ | $67.39K | 1.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 68891 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.3¢ | 116902 | 2 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
6.6¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 6.9¢ | 6.5¢ | 437955 | ||
| Last updated 15.48pm 13/05/2024 ? | |||||
| TNC (ASX) Chart |