I can't believe that neither the NXS board nor the Administrators have ever considered an equity capital raise to save the company. Seems basic that before you surrender to your creditor, you at least attempt to raise cash by issuing more shares. With the capital raise you can at a minimum service creditors (those who's debt needs immediate servicing) and continue as a going concern, get the cash flow started and get going. I can understand that the management is inclined not to try this route but i am baffled that the administrators can accept $30m in emergency funding from none other than Seven and never even once turn to the owners for cash. This is my first and likely last foray in this so called developed market.
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Last
14.5¢ |
Change
0.015(11.5%) |
Mkt cap ! $42.36M |
Open | High | Low | Value | Volume |
14.0¢ | 16.0¢ | 14.0¢ | $65.52K | 443.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 37857 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 40129 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37857 | 0.140 |
1 | 20000 | 0.135 |
5 | 341316 | 0.130 |
3 | 57976 | 0.125 |
5 | 154170 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 40129 | 1 |
0.150 | 20000 | 1 |
0.155 | 8540 | 1 |
0.160 | 59271 | 3 |
0.165 | 26481 | 1 |
Last trade - 15.55pm 28/10/2024 (20 minute delay) ? |
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NXS (ASX) Chart |