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agree with your sentiment all a bit odd especially seeing as...

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Logic[Al]

138 Posts.

58

12/03/21

14:01

Post #: 51721518
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Originally posted by hollway: ↑

Struggling to see the sense in this. $5 million is no more than a working capital raise yet they are being drip-fed decent chunks from options exercises over the past few weeks and would have continued to do so. I was expecting a huge raise...but not yet. Aside from a cornerstone wanting to muscle in, what is the value or point here? Glad it won't be heavily dilutive but am confused as to the purpose and timing. Answers on a postcard please. Current theory is that a European equity holder further fluffs up European fund for debt equity further down the track.

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agree with your sentiment
all a bit odd especially seeing as they said they were fine to continue if 50% of the options were converted
would be half way to that by now

also, can you please elaborate on your theory? Not quite following
thanks

KIS Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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