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
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $24.19M |
Open | High | Low | Value | Volume |
4.8¢ | 5.0¢ | 4.5¢ | $16.61K | 351.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 167111 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 85000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 167111 | 0.045 |
1 | 220764 | 0.043 |
2 | 520000 | 0.042 |
2 | 125001 | 0.041 |
3 | 85000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 85000 | 1 |
0.047 | 50000 | 1 |
0.048 | 70000 | 1 |
0.049 | 50000 | 1 |
0.050 | 105000 | 2 |
Last trade - 15.54pm 23/08/2024 (20 minute delay) ? |
AAM (ASX) Chart |
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