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