a capital raise?? they wont need to ( for controlled spending that is_....that is the beauty of the partially paid shares that are about to be listed.... there is one partially paid for every two shares....
so ignore the accuracy here coz i cant be bothered looking, but, let's say at 25 cents of a week ago there worth 60m MC.... they can make calls on those unpaid shares totalling up to $30m.... all raised effectively at $0.25....
naturally we want the price at $0.25 or higher... but, that is the beauty...you can capital raise with securities already known to the market, no surprise CR... it.s simply a call when needed, that people either pay, or auction off... i would happily pay one or two cents even at today's price to keep such little cash in the potential upside of the company for the long term....
i made plenty this way on the 5 cent ones, and the company continued to raise cash...
a brilliant strategy (in a bullish share price or massive potential).... think this one up until a month ago would qualify as both...
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.97M |
Open | High | Low | Value | Volume |
1.9¢ | 2.0¢ | 1.9¢ | $19.98K | 1.051M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1013950 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 2882531 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 513950 | 0.019 |
27 | 2858289 | 0.018 |
6 | 1289540 | 0.017 |
3 | 997500 | 0.016 |
10 | 1114713 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 2882531 | 18 |
0.021 | 1491551 | 10 |
0.022 | 2498854 | 4 |
0.023 | 619498 | 6 |
0.024 | 1717311 | 4 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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