Hi @webbj please be advised that the current funding arrangement is not at 1.8c per share.
Issue price of the equity funding is based a 15% discount to the VWAP for the last 10 days
this was agreed so that we could access funds hopefully at a higher share price and thus suffer less dilution.
we still have access to draw down a further $2 mill
The company is actively trying to get the SP up so that they can get the $3 mill worth of options (at 2c) in the money before the expiry date (april 2017) and so that they can access a few more $$$ at a higher share price to tide them over until then.
At the end of the day the majority shareholders - like Dom and Hishenk would prefer to raise at a higher price. Management have a lot at stake in this company.
- Forums
- ASX - By Stock
- When will Mr Market wake up
Hi @webbj please be advised that the current funding arrangement...
-
-
- There are more pages in this discussion • 236 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CL8 (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $3.220M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $9 | 777 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 140732 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 140732 | 0.012 |
1 | 1000000 | 0.011 |
2 | 1302485 | 0.010 |
1 | 200000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 2000 | 1 |
0.015 | 356733 | 3 |
0.016 | 505674 | 2 |
0.017 | 101771 | 1 |
0.018 | 98000 | 1 |
Last trade - 13.19pm 02/09/2024 (20 minute delay) ? |
Featured News
CL8 (ASX) Chart |