Yes Chuck they were. They had two broking houses produce reports with a view to raising capital from institutional and sophisticated. That didnt succeed and we got the La Jolla deal which is simply not a great outcome for shareholders.
The SPP raised a meagre 1.4 million. A company with 1000 shareholders could raise 15 million in a SPP were all the investors to take up their rights. I heard somewhere that QHL has 3000 shareholders! Very few holders participated and only 3 of 8 directors did!
The share price is now 26 cents! There is one positive with this. It is 2 cents below the floor price struck with La Jolla!
mh-60r helicopters, page-13
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Last
37.5¢ |
Change
-0.025(6.25%) |
Mkt cap ! $26.89M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 36.5¢ | $63.94K | 165.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1336 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 3771 | 1 |
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| Last trade - 15.48pm 31/07/2024 (20 minute delay) ? |
| QHL (ASX) Chart |