I realize you can't agree with PlayMoney76 because you can't even agree with yourself.
A few weeks ago you were considering your idea of a placement wouldn't occur until late this year or early next year when the SP was between 50 cents to $1 so that it wouldn't cause SP dilution.
Now at 18.5 cents - "A placement wouldn't blow anything out...But the vote of confidence from a major fund and swimming in cash may be a catalyst for retail investment to dive in."
I consider that both hypocritical and downright dangerous if it occurs and if SYC accepted it he to would be on shaky ground, for IMO it would involve dilution and the retail investors would be most attracted to sell under current market conditions
While a placement is one of many options, there are more suitable times to be raising it as a way of attracting buyers and avoiding selling IMO, especially when it is all guesswork and your opinion without substantiating facts - all to attract retail investors?
How about we leave this to SYC when he has time to spare from trying to keep the SP propped up while we wait for the good news?
I realize you can't agree with PlayMoney76 because you can't...
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Last
4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $37.85M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.5¢ | $88.12K | 1.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 561609 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 19821 | 1 |
View Market Depth
| Last trade - 15.30pm 06/05/2024 (20 minute delay) ? |
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Last
4.5¢ |
Change
-0.001 ( 6.05 %) |
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| Open | High | Low | Volume | ||
| 4.7¢ | 4.7¢ | 4.5¢ | 1078953 | ||
| Last updated 15.39pm 06/05/2024 ? | |||||
| PTX (ASX) Chart |