Seems that the price of a placement is dominating the discussion. More importantly is the use of the extra capital to reach a critical milestone - the DFS. The placement is not that price sensitive.
Say that RWD needs $8.5 million which together with existing funds + option exercise will give RWD a comfortable run to that milestone.
Price is 80 cents and RWD would like to place $8.5 million at 85 cents - place 10 million shares.
Market wants to deal at 75 cents - place 11.1 million shares.
I cannot see that extra 1 million shares has any effect on the long term picture against getting this raising out of the road and moving to DFS in a strong position
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Last
4.0¢ |
Change
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Mkt cap ! $9.114M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 72800 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 72800 | 0.040 |
1 | 200000 | 0.037 |
1 | 40000 | 0.035 |
1 | 100000 | 0.029 |
1 | 50000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 7500 | 1 |
0.061 | 10000 | 1 |
0.077 | 132000 | 1 |
0.130 | 27227 | 1 |
0.000 | 0 | 0 |
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