& why exactly would 'the current shareholders show their support' for such a pointless course of action - there is no way the Board have earned our support as is, without further dilution!
Since return from 18 months suspension & in a bull market the stock has gone absolutely nowhere, it is crazily undervalued & the reason has to be the Notes.
Jinchuan can get back their Notes loan cash from profits on the LOM, they have no need (that I know of) for the relatively tiny amount involved. OTOH the threat of dilution is killing the share, & the market is unlikely to value it properly until the Notes threat is removed. Why would Albidon wish to repay the loan at a value of only 6c/share when we are worth many multiples of this?
Forget the acquisitions until the SP is at the proper level & only THEN issue further Company paper if the right target is located, using our cash to pay interest & repay capital on the loans for now. To part-finance the loans from the Notes at 6c/share & use current cash to purchase assets is absolutely the WRONG way to go, the market would never go for it.
OTOH bin the Notes & you will see your 3-5 bagger a damn sight quicker than 12 months.
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Last
5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.520M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.4¢ | $21.73K | 384.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16805 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 90000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16805 | 0.054 |
1 | 49999 | 0.053 |
1 | 30000 | 0.051 |
2 | 145000 | 0.049 |
1 | 22222 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 90000 | 1 |
0.057 | 121825 | 2 |
0.059 | 50001 | 1 |
0.065 | 12500 | 1 |
0.070 | 200000 | 1 |
Last trade - 15.02pm 27/06/2025 (20 minute delay) ? |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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