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3.9¢ g medical innovations holdings limited

IPO update, page-1229

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hkhf

2,098 Posts.

914

07/02/22

23:42

Post #: 59418488
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Originally posted by hkhf: ↑

I personally feel the latest raise of US$12m (definitive agreement with A.G.P./Alliance Global Partners) of $5 each with an attaching warrant/option exercisable at $5 is a bit loose as one can easily imagine that they (the private entity/insto can quickly sell the heads (2.4m shares) and keep the options for free. The good thing is with this new decent amount of capital in hand, they can do/execute quite a few things (at least this year regardless of it's sustainable or not, and will have a better chance maintain the sp at a bit higher level than used to be). The above new Ann is another example of the kind of left-field. Another positive thing imo is that the market is kind of used to the massive trading volume esp. in latest a few weeks, so this 2.4m new shares if they are to dump instead of keep, the effect would probably not as bad as some of us would have expected/imagined (of old ASX GMV holders to exit in June 2022) when GMVD was first IPOed.

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Sorry should be "would be similar to the old ASX GMV holders to exit in June 2022" not "of".

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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