Have to vent sorry- RHT holders, be warned..RHT getting on board Acuity capital's ATM program is disastrous. Search "Acuity capital asx" and look at the share price implosion of all of them.
AC is nothing but a wholesale stock washing machine and It'll always be hanging over your head as RHT can raise at any moment. It's far better for a company to be forced to qualify for funding with sophs or the market than using what they literally call - An ATM. Acuity hardly needs any due diligence because they're constantly issued stock in profit and never support stock as a shareholder.
When companies have no capital pressures, costs go through the roof too. They don't necessarily have to utilize the facility but the fact they're on board fails the test of capital management competency for me - This moves a real pity and quite frankly it's bloody lazy. GL
