Ok..What can I say.
Where to start.. I am not an Aus/NZ holder, I am Greek, so essentially I am screwed. Although I have the feeling I can average down to this price as I believe it will fall down to 0,078 in time.
The management sucks imo. They could do a CR if necessary, but
1. Not at a 20% discount to an already supressed price. They show weakness and sheer incapability.
2. They could do a secondary raising including all present shareholders (not only AU/NZ) at a let's say 1 new to 7 old (they have about 700M shares, so they would only increase to 770M) at 0,09AUD and gather 9MAUD.
Total idiots imo.
Ann: $9.7M funding package, SPP and strategic development plans, page-4
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Change
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Mkt cap ! $135.9M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $96.36K | 4.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 9 | 2108912 | 2.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2578315 | 9 |
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