I don't think we really know what the directors know, when the best time to raise is, etc. One of the directors just bought a million dollars worth of shares over $1 and has a vested interest in the stock performing.
look at IXR. Same market cap and raising at a 30% discount for less cash. Could have been worse.
Ann: Trading Halt, page-147
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Last
63.5¢ |
Change
0.035(5.83%) |
Mkt cap ! $38.56M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 65.0¢ | 58.0¢ | $97.27K | 156.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4553 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 4748 | 1 |
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| VMM (ASX) Chart |