MEM 0.00% 0.5¢ memphasys limited.

Ann: Collaborative Agreement with Monash IVF Group, page-2

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  1. 87 Posts.
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    "Terms of the Agreement

    In consideration for Monash IVF’s performance of this work, MEM has agreed:

    to issue Monash IVF or its nominee AUD$80,000 worth of fully paid ordinary shares in the capital of MEM at its next equity capital raising, with a minimum raising of $2 million, at a deemed issue price equal to the issue price of the equity raising"

    MEM's nonchalant approach to capital raisings is quite stunning to me.

    A throwaway line in their latest announcement as if a $2m cap raising on a company with a MC of $4.3m is no biggy. 45% dilution!

    It's opened higher which is fantastic. But I feel MEM's shareholders taken for granted a bit.
    Last edited by Grogger: 18/09/18
 
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