actually it makes perfect sense. I predicted they would run out of funds around Feb and would need a CR prior possibly in Dec, and that is exactly what happened. Had they not done the CR they probably would have defaulted on their loan covenants by now, and then possibly have lost a lot more than just "dilution".
They need to hold 6 months spend in the bank as a requirement of the loan.
actually it makes perfect sense. I predicted they would run out...
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Last
$1.09 |
Change
0.015(1.40%) |
Mkt cap ! $1.238B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.12 | $1.08 | $11.51M | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17804 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 230637 | 5 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
0.015 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| $1.10 | $1.12 | $1.08 | 1937390 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| MSB (ASX) Chart |