The URA ETF sold again yesterday, this is why the share price always never goes up on good announcements.
Down from 62,017,880 to 61,681,100
Outstanding shares also dropped again leaving the fund with little to no cash.
This ETF is a huge problem for this company, because any individual holding URA ETF units can sell causing the ETF to sell ASN shares, weakening the share price at crucial points in time when capital may need to be raised.
I will personally never invest in any small cap company that can be controlled by a ETF again, the volume is to low here, so that gives them the power to destroy share holder wealth and a companies ability to raise funds at a decent level.
Good luck everyone, we are going to need it.
ASN Price at posting:
9.6¢ Sentiment: None Disclosure: Held
