Has Unith ever given details of the process that ensured Shareholders got the best price possible when divesting a portion of our holdings in Audiostack, who did we sell to?
To be in the position of needing to raise capital ( which I think they do and pretty soon ) at a time of year where EOY tax sell off and the corresponding drop in SP is pretty much a Unith tradition, it would be a very underwhelming performance by the board to offer a placement at this time, I don't think the Chairman would survive, considering Shareholders went through the pain of the last raise at considerable discount and huge dilution and here we are with a SP hitting 50% value of the last raise price.
If a party wanted to aquire Uniths remaining holdings in Audiostack at a firesale price it would serve them well and cost them comparitively a lot less to make sure the SP hovers at or near all time lows, making a placement unpalatable. The timeframe for a cash injection I believe is tight, and to have it playing out at this time of the year doesnt reflect well on the board. Have we been boxed into a corner? I hope not, but I don't think we will be waiting long until we find out.
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Has Unith ever given details of the process that ensured...
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Mkt cap ! $9.830M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 227862 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 227862 | 0.008 |
10 | 2514567 | 0.007 |
4 | 1217710 | 0.006 |
5 | 2538886 | 0.005 |
2 | 1500000 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 2844787 | 9 |
0.010 | 2644239 | 7 |
0.011 | 265000 | 4 |
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