Current MC is $89M. If PAA are trying to raise the whole $20M for a phase 2 trial then that is about 22% dilution ..or rather your current holding will be worth 78% of what it is today assuming you do not participate. Worse us mere mortal SHs may be excluded as so called 'sophisticates' take the whole pie.
Previous BoD had a history of giving current SHs priority and discount etc. Let's see what these guys do.
Ann: Trading Halt, page-33
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $83.14M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $262.8K | 1.225M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25394 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 44560 | 3 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| PAA (ASX) Chart |