Looks like it is going to open a tick up at 3.9c. That will give the Hussler123 and his mates something to think about.
Oops - I mean Hudster123
The share placement does seem a little cheap but let's just hope the new holders are sophisticated enough not to dump them at the first opportunity. I'm guessing this is the reason they weren't offered to retail investors.
The company's cash position was a bit of an "elephant in the room" and at least the immediate cash concerns are now alleviated.
MNM Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held