It seems to me that AAM are using the wrong advisors re placement and money raising.
RMS got theirs away at an 8% discount whereas the AAM "brains trust" have to offer a deep discount of 42% to "sophisticated investors - identity unknown - but believed to include themselves and cronies/associates".
Yet more evidence that the Directors have well and truly botched this matter and whilst I am on record here as stating that we must now give them a chance to push this matter forward, I would like them to consider this motion:
"In the light of public response on a certain internet share forum to the recent announcement concerning the private placment of shares at 8 cents, that the company also consider a placement to all of the shareholders for a similar amount."
To give the company some idea as to the seriousness of shareholders to back this at such an outrageous knock-down price, (remember DArgent seems to suggest that the shareholder base could be flaky), may I suggest that we conduct a straw poll on what could be likely.
I am good for 625,000 shares @ 8 cents. What's the feeling of others?
FINAL COMMENT: I've never heard of a company going broke because they had too much cash...but the reverse is not true!
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Last
5.6¢ |
Change
0.001(1.82%) |
Mkt cap ! $29.46M |
Open | High | Low | Value | Volume |
5.5¢ | 5.6¢ | 5.5¢ | $10.42K | 187.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 789781 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40199 | 0.055 |
1 | 17000 | 0.052 |
2 | 75000 | 0.051 |
3 | 182077 | 0.050 |
1 | 42000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 108352 | 1 |
0.060 | 310602 | 1 |
0.062 | 127713 | 1 |
0.065 | 550000 | 2 |
0.066 | 30000 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
AAM (ASX) Chart |