These CR are normally not done lower than 15-20% below last price or 10-15 day vwap, therefore raise price should not be much below 0.7 cents.
BUT it really does not matter if raise is at a lower price as long as PART of the funds raised go to extinguish the RIDICULOUS ALTO convertible notes. The continuous monthly issue of shares to ALTO & the subsequent sale of shares by ALTO have had a much more depressing affect on the share price than Covid-19.
IF funds are used to extinguish the ALTO notes this stock should have a major re-rating.
- Forums
- ASX - By Stock
- CTV
- Capital Raising
Capital Raising
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online