In my view the balance sheet repair can't come from a rights issue at this stage of the company development or at these depressed price levels and I doubt the major shareholders have the fire power to take up or underwrite an issue. For the same reason option 2 loan monies being stumped up by the major shareholders is unlikely too.
My guess is that an industry player could buy shares.. building up an interest to the takeover threshold of 19.9 pct. This could include on market purchases including some of Trent and JB's shares to get there,,,who knows a little placement at higher share prices might be bolted on. Anyrate this would give a Corrporate a toe in the door (for future take over) and as quid pro quo provide a revolving line of credit to get Wrkr to profitability. and of course get the share price moving!
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In my view the balance sheet repair can't come from a rights...
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.14M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 244059 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.031 |
1 | 1600000 | 0.030 |
1 | 100000 | 0.029 |
1 | 33000 | 0.027 |
1 | 23605 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 244059 | 2 |
0.036 | 545167 | 2 |
0.038 | 154397 | 3 |
0.039 | 5500 | 1 |
0.040 | 312033 | 6 |
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