The only reason they didn't raise more is because of the current 15% limit on placements.
God forbid the ASX are allowed to increase that to 25% with the PLETHORA of insider trading going on!
Expect an upcoming AGM to seek approvals to issue more than 15% next time.
I can see the way this is likely going to go.
Probably a billion shares on issue within a year and massive manipulation of the share price on insider knowledge like we have just seen.
Absolutely outrageous!
These Perth companies SUCK!!!
pump and dump, page-2
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