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
In my opinion, CEO must be investigated:CEO came up with a...
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Last
60.0¢ |
Change
-0.020(3.23%) |
Mkt cap ! $133.4M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 62.8¢ | 60.0¢ | $2.307M | 3.781M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 78696 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 12220 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
60.5¢ |
Change
-0.020 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.5¢ | 60.5¢ | 756873 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| APX (ASX) Chart |