The ammendment states that funds from this rights issue will be used to expire $1.5M debt, however when I read on they also state that future funding will be required to retire $1.5M debt.........so which one is it?
At least it clears things up for option holders who thought they had to convert prior to X date - hope no-one converted and lost what little leverage is left with BCNOA.
Unfortunately this has become a real mess and left the directors looking like incomptent fools. What was a great little speccy company on Monday has now become a train wreck in 48 hours.....well done BCN.
rights issue change, page-5
Add BCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.40M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.3¢ | $28.26K | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1826847 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 295141 | 3 |
View Market Depth
| Last trade - 15.34pm 09/08/2024 (20 minute delay) ? |
| BCN (ASX) Chart |