Yeah, Denton, I'm in as well.
Things I like about the offer:
1) It's not overly dilutionary - existing shareholders taking up the 2 for 9 offer will retain the same percentage holding in the company
2) The free options - if the share price hits 14 cents in the next two years, then holders will have doubled their money (6 cents on the shares plus 2 cents on the options = 8 cents)
3)Put these together, and it seems as if management are looking after existing shareholders - making sure they get rewarded if the price spikes - rather than flogging a boatload of shares to some johnny-come-lately vulture fund. Of course, board members in this company own significant amounts of shares themselves.
4) There's a sense (and maybe I'm looking through rose-coloured glasses here) that management is confident of securing a partnering deal within the next year or so and has only sought enough money to get through negotiations.
That's not to say it's without risk - far from it. DYOR etc
But, like Denton, I'm in for the ride.
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I'll take up the Offer, page-2
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $23.46M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.6¢ | $51.84K | 1.992M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 198646 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 199924 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 198646 | 0.025 |
4 | 396000 | 0.024 |
2 | 430000 | 0.023 |
5 | 4245555 | 0.022 |
1 | 250000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 199924 | 1 |
0.028 | 181191 | 2 |
0.029 | 555600 | 4 |
0.030 | 90000 | 3 |
0.031 | 109129 | 2 |
Last trade - 15.36pm 30/08/2024 (20 minute delay) ? |
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