From the announcement: "The issue price will be 8 cents per share."
Pivot will not let AXI go to the wall for just a few mil.
I think they are taking the opportunity to increase their holding at a bargain price. They wont mind if other shareholders dont take up the offer, increases their holding percentage.
where is the bottom, page-21
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Mkt cap ! $28.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73708 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 148886 | 1 |
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