1. If you are insinuating that the first announcement was to increase the share price so that they can get a higher price. Then they failed.
Normal practice is to put such an announcement (extremely positive) out at least two weeks before so that the average price (which a cap raise is based on) is inflated. Not the same day.
2. If you have announcements that come at the same time and one includes a transaction that could effect the shares in circulation (thus requiring a trading halt) you are obliged as much as is possible to release any "other" announcements before a trading halt.
I suspect shareholders will be very happy and even surprised with this investor.
1. If you are insinuating that the first announcement was to...
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Last
0.9¢ |
Change
0.002(28.6%) |
Mkt cap ! $13.08M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.9¢ | 0.7¢ | $80.47K | 9.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4323057 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1070000 | 2 |
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| Last trade - 15.46pm 12/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |