More shares are a bigger problem than options because not all options will get converted. If they issue for example 10% more shares in a placement then the market cap will be adjusted to account for an extra 10% which means the share price will drop.
It won't 10x from any one single CR, that's crazy.
The time things take has been a big problem because during that time they'll burn through close to $100m in capital raisings and that'll be adjusted in the market cap and share price. That's why we aren't going anywhere share price wise.
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$14.00 |
Change
0.000(0.00%) |
Mkt cap ! $295.9M | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.41 | $13.73 | $535.0K | 38.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 935 | $14.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.20 | 60 | 1 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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