As a current holder, it may be a case of too little too late as the SP has been decimated over the course of the last 4-6 months and my losses based on current SP are significant, asking too tip more money into the current sentiment of 'catching a falling knife' doesn't bode alot of confidence in management's ability for a quick turn around.
Also interesting to note the insto entitlement offer is $1.04M which is dwarfed by a retail offer of $6.7M from current shareholders that I tend to believe are also sitting on a significant loss based on where the Shareprice was 9 months ago.
Would be presuming an undersubscribed offer at 8c even with a 1 for 2 sweetner if they are looking to entice current retail SH to invest.
Alot hinging on an NT license update, if that falls through, where do you put a price on the company then? Similar insto offer a few months back for $1M would have also burnt any insto that became a SH then.
Still high risk, even with the Ann on the $10M acquisition, this needs to turn around fast or TBH are dead in the water.
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9.2¢ |
Change
0.002(2.22%) |
Mkt cap ! $88.79M |
Open | High | Low | Value | Volume |
9.0¢ | 9.3¢ | 8.7¢ | $91.46K | 1.012M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 2702 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 500000 | 0.087 |
1 | 16499 | 0.086 |
5 | 303294 | 0.085 |
2 | 512000 | 0.083 |
1 | 585 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 2702 | 1 |
0.093 | 266441 | 2 |
0.094 | 25411 | 1 |
0.095 | 50500 | 3 |
0.096 | 300000 | 1 |
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