Looks like that's what you'll be doing unless you're a soph. Was suspicious looking at the short timetable in Schnuffles post that it didn't allow for retail. Guess they just wanted a quick turnaround on this one rather than have to spend the additional time it takes for us plebs.
AT and JW are pretty shareholder-conscious. And $1M is sweet fa in the grand scheme of things. We'll need more cash soon. So my hope is that them stipping us on this is just producing some short term cash to make good on some deliverables, and then do a raise with a better offer for existing shareholders where they can take the time to go out to retail, maybe some better attaching options for future with different trenches. All imo, just wishful thinking.
If they don't, it'd be a bit of a slap in the face offering only sophs a low entry and ridiculously cheap options considering they don't expire for 2 years. As many have commented they need a share price of $0.05 - $0.15+ just to get back in the black, $0.035 has the capacity to act as a short term handbrake on any significant gains.
ICG Price at posting:
1.6¢ Sentiment: None Disclosure: Held
