I doubt that there will be a RI whilst Ionic is an unlisted company. The methods available are identified below
Methods of raising money for unlisted companies
Possibly a better option would be for Ionic to be re0incorporated back into SER (via a back door takeoever) - it would then become listed on the ASX and could raise money via an accelerated Rights issue. SER had a cash balance of $640,660 @ 30/6/2016 and an annual cash burn of A$636,604 which implies that it will run out of cash about mid year. It assets are effectively stranded since it will be unable to raise any money. Possibly best for Ionic to buy SER for a song and then raise capital for the Ionic developments as an ASX listed company.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.026M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $9 | 1.417K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 198583 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 688145 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 3015100 | 0.005 |
6 | 2288454 | 0.004 |
8 | 3700316 | 0.003 |
4 | 2550000 | 0.002 |
4 | 3605000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 688145 | 2 |
0.008 | 1360160 | 5 |
0.009 | 1000000 | 1 |
0.010 | 870379 | 6 |
0.011 | 1433330 | 3 |
Last trade - 15.29pm 15/07/2025 (20 minute delay) ? |
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Shanthar Pathmanathan, MD
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