MC has just been diluted by a factor of 10 at 2.9c. Plus there’s a bunch of 3.9c options that came with the raise. These will start getting exercised and put further pressure on the SP.
I’m surprised they didn’t cancel the rights issue and simply do a placement way higher. But anyway. It’s done now. Hard to see this going up from here after the hot money disappears.
News: OSX Osteopore Raises A$2.9M From Entitlement Offer, page-9
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