The worst of this is that in my experience a capital raising before an expected announcement tends to mean the announcement is not going to be good. Holders say things like: "Why raise now, when we could raise in a few weeks after the xxx announcement at a much higher SP." The question answers itself. The board does not expect a much higher SP in the near future.
I will be delighted to be proved wrong but that's my fear.
Ann: Trading Halt, page-74
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5.1¢ |
Change
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Mkt cap ! $373.3M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.2¢ | 4.9¢ | $1.384M | 27.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1302118 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 528865 | 4 |
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