And one more thing, invion management aren't silly. They didn't have a clause in this raising for the price to be 7.5c OR 5% discount to the 5 week WAP (for example), like what was the case for the raising last year. Not sure if that was the exact terms but I know the issue price ended up being 4.5c rather than the initially stated 4.8. Furthermore the issue is not underwritten. Therefore management are confident that either the $2M will be raised, or it will easily be taken up by institutional investors after the closing date. It may be that they have some expected news up their sleeves that will ensure the success of the issue ;) I hope so anyway haha
Oh one more thing...I notice the sell order at 7.4 got taken away after the close. Would be nice to see it open at 7.9 tomorrow haha
IVX Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
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