They got around $27.5 million from the past five cap raises. They have been consistently taking money at a lower and lower price during this time as seen by the numbers below. To keep everyone happy, they are offering 1c shares to everyone. I wonder if the average Mako holder believes in this. I think I am gullible as I ended up here.
21 Aug 2020: 11.5c (10 million) 8 Jul 2021: 8c (10 million) 14 Oct 2022: 4.1c (3.1 million) 1 May 2023: 3c (2.6 million) 17 Sep 2023: 1c (2 million)
Cheers
MKG Price at posting:
0.9¢ Sentiment: Sell Disclosure: Held
