EDE 0.00% 0.2¢ eden innovations ltd

Ann: Trading Halt, page-27

  1. 1,857 Posts.
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    Interesting to note, that the last capital raising announcement specifically said Eden would have funding to 2021. I wonder why it's changed so quickly?

    Are Eden spending more money than they previously advised, or have sales fallen through? Where's the sales on the $48M contract, have they gone, never to be seen again?

    You can bet your house on this though: if it's a placement to an institution, then the rosy eyed holders will say this is good news, because "why else would they buy in, there must be news on the horizon". Nope, the institutional holder will get a discount, and they'll eventually dump on market.
 
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