This is now my understanding
- Underwritten
- Available to all holders
- New CEO (mentioned above)
- Deep discount
So,
- its not oversubscribed (how can it be when its being offered to all holders & those holders have not yet had the chance to put up their hands?)
- Huge dilution (agree with comments above about a future consolidation)
- No encouraging news yet to entice SH to participate - lets hope the company makes further announcements before closing
- A brave underwriter has been found
- The company is not going bust until this CR is all spent
So nothing is different from the last 10 CR's - raise, spend, repeat
Ann: Trading Halt, page-27
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $35.70M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $24.44K | 4.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 21331144 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 29836058 | 30 |
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| Last trade - 15.30pm 16/08/2024 (20 minute delay) ? |
| OAU (ASX) Chart |