Hi Chuk, agree that IDC loan CPs are not unusual, we would need all that extra money anyway between now and when we start receiving income, in fact I suggested in earlier posts I expected IDC not to approve the loan till we could prove we could finance the remainder - a CP is the same thing.
I don't follow A4N and I don't generally read posts that are replies to trolls so I may have missed some of your other points.
As I said, I think MNB has a lot going for it and will eventually be very successful, but I'm sorry whichever way you look at the latest cap raise - it was crap. Obviously these last minute investors & Shanghai Jason pulling out upset the apple cart, the initial $10m over subscribed placement at 7c with no free option was acceptable.
When you say it was just a 23% discount - IMO that is very misleading.
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6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $52.71M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.7¢ | $13.74K | 229.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 491 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 491 | 0.060 |
2 | 127000 | 0.058 |
5 | 153782 | 0.057 |
1 | 8928 | 0.056 |
2 | 28000 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 15000 | 1 |
0.065 | 100000 | 1 |
0.069 | 241507 | 3 |
0.071 | 72075 | 1 |
0.072 | 57000 | 2 |
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