We're talking about investors not acquirers...
7% discount is way better than the usual 15-20% most placements are at, and it's 3x more than the SPP price. You dont do a placement based on the future value of the company, you base it on the price and on what's best to move the company forward so everyone makes money.
A 'potential suitor' would be paying a premium because they would take over the company at a valuation multiple or a potential goodwill premium or along those lines etc..
You guys are being very critical of a small cap that now has $17M in the bank, cashflow positive, and achieving record sales.
Maybe read a textbook or something on corporate finance if you're not liking today's announcement. Or go invest in a company that is doing raisings at premiums (good luck with that).
We're talking about investors not acquirers...7% discount is way...
-
- There are more pages in this discussion • 134 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VMT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $58.54M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $5.766K | 40.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19709 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 79659 | 2 |
View Market Depth
| Last trade - 13.51pm 12/07/2024 (20 minute delay) ? |
| VMT (ASX) Chart |