Seems like a pretty good announcement. Allows them to get rid of the convertible note for cash instead of shares, so instead of diluting at $3.60 a share (convertible note), they are diluting at $5.00 a share instead. Hopefully they've got enough of a war chest now to avoid another raising until the market cap is much higher.
- Forums
- ASX - By Stock
- GMV
- IPO update
IPO update, page-1194
-
-
- There are more pages in this discussion • 376 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online