well, they certainly know how to knock the ar...e from under the share price - was finally making up some lost ground till
would appear to be tied in the the "Special" sale that was booked last Friday of 850.000 shares @ $1.20. In turn also the ceasing to be a substantial holder notice lodged today.
question is tho why the raising - they had about $5.3 mio left in the bank at end of March, and "only" use about $400k per quarter?
no doubt market will find out in due course, meanwhile will be interesting to see if the market price gravitates back toward the new issue price
capital raising, page-2
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