Great result for all shareholders.
Sadly, the level of commentary about this result is depressingly infantile with the bleeting about brokers dumping/capping and other perceived manipulation of the market.
Stock market 100 kids:
It exists as an alternative to issuing debt, that is a company raises money by issuing equity/capital.
Do any of you whingers really think it would be a good idea to take on $40 million in debt when you have no income??
Seriously see it for what it is.
There is no grand conspiracy happening here.
Man did land on the moon and the earth aint flat.
Also understand that the shares from the money just raised have not been issued yet.
Look for an appendix 3B and cleansing statement, that is when tradeable shares are issued.
If you are a shareholder you should be very happy with this result.
Great result for all shareholders.Sadly, the level of commentary...
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