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13th

4,827 Posts.

2722

02/12/23

06:32

Post #: 71230672
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Originally posted by Voiceover ↑

@13th How do you have this information? You have to work for the company or have inside information. Also, you say it will not be a large raise and the cap after the raise will be 6.5 million. If this is true, it has to be a very dilutive raise. Last price was .009 and with the current shares on issue, that would be a market cap of 4.805,033. 6,500,000 - 4,805,033 = 1,691,967 difference. To raise that much at .009 they need to issue 187,996,333 shares. That is a massive amount. The shares already trade like there is over 1 billion shares, so imagine what will happen if they do issue this amount more. No reason to pay .009. It will drop to at least .006.

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I’ve seen the term sheet from the corporate adviser and have participated in the raise.

RKT Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $4.592M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$2.933K	419K

Buyers (Bids)

No.	Vol.	Price($)
10	6997764	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	2917489	6

View Market Depth

No.	Vol.	Price($)
10	6997764	0.007
11	7817999	0.006
6	2616666	0.005
2	1300000	0.004
3	2500000	0.003

Price($)	Vol.	No.
0.008	2917489	6
0.009	1860000	4
0.010	1909391	4
0.011	2000000	3
0.012	2053186	3

Last trade - 15.58pm 30/07/2024 (20 minute delay)

RKT (ASX) Chart

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