In my opinion, CEO must be investigated:
- CEO came up with a capital raise at 50% discount to the market price, which I personally cannot comprehend, there might be alterior motives.
- APX shares were shorted heavily before the capital raise. I don't think anyone would have the confidence to do that unless they be given a greenlight.
I’m not making any judgments or accusations, but I have my suspicions and I think an investigation is needed for the sake of retail shareholders.
An Imaginary scenario: Imagine CEO in bed with the shorters. Shorters get a greenlight to short the stock from $2 knowing that CEO will soon come up with a shameless 55cent capital raise, which will guarantee them a nice profit of 100million dollars and bring immense pain to the shareholders.
I think the two recent capital raises, and the behavior of the shorters prior to the two raises must be investigated.
IMO
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Last
58.0¢ |
Change
-0.020(3.33%) |
Mkt cap ! $131.2M |
Open | High | Low | Value | Volume |
60.0¢ | 60.0¢ | 58.0¢ | $1.037M | 1.757M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 515562 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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58.5¢ | 216742 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 451124 | 0.580 |
17 | 181015 | 0.575 |
26 | 194582 | 0.570 |
7 | 74837 | 0.565 |
17 | 336263 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 190731 | 14 |
0.590 | 107509 | 9 |
0.595 | 123437 | 11 |
0.600 | 134080 | 7 |
0.605 | 262683 | 6 |
Last trade - 12.37pm 22/05/2024 (20 minute delay) ? |
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Last
58.5¢ |
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Change
-0.020 ( 3.53 %) |
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Open | High | Low | Volume | ||
60.5¢ | 60.5¢ | 58.0¢ | 409764 | ||
Last updated 12.54pm 22/05/2024 ? |
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