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???
esi here we go here we go here we go ........., page-8
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $12.04M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $600 | 200K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 13283143 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16587003 | 34 |
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| Last trade - 10.47am 18/07/2025 (20 minute delay) ? |
| ECT (ASX) Chart |