Thank you Mike999 and GiveUsAChance - you've added a dose of reality. Management have actually been very financially prudent in ensuring the ongoing capitalisation of Invex.
We must recall that Invex were planning to release their Phase 2 results at the end of the 1Q of 2020.
If they had gone through with this, they would have raised at a very unattractive price around ~$0.60c. Instead, they dutifully spent time refining the top-line data to release at mid-end 2Q and used the additional time to brainstorm additional routes of funding at a higher price(sophs/instos). The recent surge in price has likely reflected market conditions and a push to maximise the cap raising price. $1.30 is much more solid and reflects a good premium to the 30/60/90 day averages.
As holders, it's frustrating that it's dilutionary, but when considered against the greater narrative, the thing that will sink us is not extra shares, but a lack of capitalisation. Best case scenario would have a portion to retail investors, but given the time constraints and choppy COVID-19 markets, I don't blame management for choosing the most secure way to raise capital.
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Last
7.2¢ |
Change
0.002(2.86%) |
Mkt cap ! $5.411M |
Open | High | Low | Value | Volume |
7.0¢ | 7.2¢ | 6.6¢ | $3.476K | 50.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29320 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 8695 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29320 | 0.070 |
1 | 100000 | 0.066 |
1 | 100000 | 0.065 |
1 | 84879 | 0.063 |
2 | 158500 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 8695 | 1 |
0.080 | 5000 | 1 |
0.090 | 126146 | 1 |
0.095 | 100000 | 1 |
0.100 | 8505 | 2 |
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IXC (ASX) Chart |
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