hi mate, I personally can not say whether or not they played this appallingly and too, yes they may have negotiated a better price than they did, but that said what would have happened if they said no? They could have walked away with nothing to negotiate. I always believe in leaving some meat on the bone. If they had worked away from this negotiation I would think the share price would have fallen and may have slowed the momentum.
You suggest they did not need the funds and I guess maybe we could have waited for a higher share price to negotiate a better offer. But I would suggest in the current market it would be a good time to accept the offer. Time is money. The money they have now can be put to work now. They are less restricted in their plans going forward. A better outcome.
I still think that in the near future they may need to raise more and if they do I really do think the share price will be much higher than it is now.
Going forward I can only see the share price heading north. In hindsight we will look back at this time and wish that we had brought more, of course time will tell. Cheers.
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14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.54M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $8.972K | 64.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12685 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12685 | 0.140 |
1 | 30001 | 0.135 |
3 | 91889 | 0.130 |
3 | 114000 | 0.125 |
3 | 31871 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 15000 | 1 |
0.150 | 10000 | 1 |
0.155 | 15000 | 1 |
0.160 | 18100 | 1 |
0.165 | 20000 | 1 |
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