"Surely the company would not want to raise cash via a share placement at current prices. I would have thought the fear of that happeing is well overdone."
Options available are a private loan from Nobel, or private placement at higher price to Nobel, forward sales of product to Nobel (Advanced payment), bank loan or standard capital raising.
They need cash soon - the choices are limited at this point in time - No cash to start, no cash coming in to pay debts, wages, etc.
"Also, so relentless is the selling it makes me think that a fund/large shareholder is just dumping out at any cost."
That's very possible...
"Surely the company would not want to raise cash via a share...
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Change
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Mkt cap ! $11.05M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $2.343K | 468.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4967473 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 468485 | 1 |
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