CB old chap,
you say "
It will really depend on if the current shareholders want to remove the incumbent board wont it. ! "
I really have to point out that this question has been answered quite unequivocally rather recently, yes?
But a rather more significant point is this. A cash raising is inevitable. It is quite likely that this will be by tapping the existing shareholders with an SPP or some such. SPPs are always offered at a significant discount to the market price, often in the order of 20% depending on the perceived risk and volatility. Otherwise they do not work. If the SP is at say 12 cents, this means an issue price of perhaps 9 cents with a rather nasty dilution resulting from the number of shares need to raise a specific amount.
One excellent way to keep the SP down is to continue with never ending unproductive rants such as those appearing on this forum initiated by yourself and your disciples. It would be really helpful if could give it a rest, let the atmosphere settle down and hopefully allow the SP to claw back at least some of the recent value destruction.
In my considered opinion.
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CB old chap, you say " It will really depend on if the current...
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4.8¢ |
Change
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Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $2.624K | 53.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 980647 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 189266 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 980647 | 0.048 |
1 | 200000 | 0.047 |
1 | 100000 | 0.046 |
3 | 500000 | 0.045 |
2 | 190000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 189266 | 2 |
0.050 | 100000 | 1 |
0.055 | 450000 | 1 |
0.056 | 178589 | 1 |
0.059 | 25000 | 1 |
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