Wasn't much they could do really, it's the final death rattle of a lifestyle company. They have raised and raised and diluted it into oblivion, they couldn't raise capital when it was trading at .003c so a consolidation was the only option to try and secure funding. Sadly, for 1MC holders the BOD fully invested its time in SYA and didn't seek out a project for 1MC to try and sell a story around now it is in the same position it was in pre consolidation where no one is interested in taking a raise, so they tap existing holders.
You have to admire the hubris of this lot, crashed and burned when they were AJM and torched 99% of investors funds, relisted with a promise of acquiring a project but did nothing for years preferring to spend time on SYA while voting themselves pay rises and issuing performance shares, consolidated and torched 95% of holders funds.
The current 'raise' is a two for one at 3.6c when its trading at 3.1c anyone taking that up will burn 100% of their funds in support of a lifestyle for the few, 1MC will delist in the next few months unless they keep funding it from SYA as they have been.
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Wasn't much they could do really, it's the final death rattle of...
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Last
3.0¢ |
Change
0.002(5.36%) |
Mkt cap ! $298.5M |
Open | High | Low | Value | Volume |
2.7¢ | 3.0¢ | 2.6¢ | $785.8K | 27.53M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 6294794 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 7538857 | 59 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 6006549 | 0.029 |
16 | 2242914 | 0.028 |
23 | 4696213 | 0.027 |
26 | 3939334 | 0.026 |
48 | 5466809 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 7432357 | 57 |
0.031 | 8037474 | 25 |
0.032 | 18544336 | 33 |
0.033 | 4872484 | 22 |
0.034 | 4362963 | 22 |
Last trade - 13.57pm 06/08/2024 (20 minute delay) ? |
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SYA (ASX) Chart |