Any CEO of an ASX200 company that saw a slide like this after raising 40million over 20c and did nothing to stem the share price bleed would have been booted out by now shows that the insto's are not really left holding the bag after these raises. At this end of the market anything really goes.
I'd only really be worried if I had a house deposit riding on this where they end up raising but feels more like a 50/50 at this stage could end up at 10c or 20c in the next couple of months.
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6.9¢ |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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