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???
IOMTT!They saved $175,000 in comission and have dropped $8M in...
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ECT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.68M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $17 | 4.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 20133021 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 13832711 | 24 |
View Market Depth
| Last trade - 15.45pm 19/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |