MQ has chosen to raise and put aside deals offered from capital groups who must have wanted more than a pound of flesh.
It seems the $10,000,000 raising was oversubscribed and from what I have heard a couple of institutional's have taken sizable positions. Will they hold or will they cash in for modest profits. Is it a good deal and will the SP move forward or fall back to around the cap raise price as "sophisticated" punters sell their old holdings to pick up the options. Who the f#@k knows. But raising $10,000,000 in the current market is a feat in itself and shows the market that if we have to WWI can raise another $15m or $20m if necessary. So next time we need money: No vultures need enquire!
WWI Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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