"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." Not sure I agree with the simplicity of that remark Lexcorp. Firstly the market rarely works on a mathematical basis, but in any case your theory does not allow for the inflow of capital raising the theoretical value of the company. Yes it quickly runs away with cash burn but nevertheless the company is that amount better off.
AVR Price at posting:
$17.05 Sentiment: Buy Disclosure: Held
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