IOMTT!
They saved $175,000 in comission and have dropped $8M in market cap in that time.
Makes sense to me.
Any capital raising product that offers zero bro costs comes with a cost in other areas. There are no free lunches in finance.
I am one of those "with knowledge in finance and capital markets" and we all know that a convertible note with on-market unwind features is not as good as a straight equity placement.
Impact of dilution on shareprice is all about certainty.
Convertible notes of these types do not provide certainty.
Staright equity raisings do!
I dont know where he got his advice from on that one???
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0.4¢ |
Change
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Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 13357839 | 0.3¢ |
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Price($) | Vol. | No. |
---|---|---|
0.4¢ | 11826592 | 27 |
View Market Depth
No. | Vol. | Price($) |
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41 | 13339839 | 0.003 |
17 | 12832678 | 0.002 |
10 | 17300024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11099510 | 26 |
0.005 | 5651603 | 28 |
0.006 | 5239567 | 10 |
0.007 | 2764837 | 7 |
0.008 | 482213 | 5 |
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