Ok boys, lets see the positive spin on this one...
Issuing another 325mil shares (180mil now) for 1c.
Thats right. 1c.
Plus, the company doing the issue gets 20mil shares and $150k if they can find enough people to invest $3mil.
I ask, why not go to existing shareholders rather than essentially sell 2/3rds of the business for $3mil? Thats what theyve done.
Biggest dog on the ASX!!!
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announcement very bad
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