Ann: Accelerated Non-Renounceable Issue, page-6

First 6 Last

Share
Profile

Follow
plough

23,765 Posts.

258

07/08/18

12:55

Post #: 34772922
Share

Originally posted by Teddyward ↑

Read their announcement today.

219 million more on issue and saleable on 10th. at 50% discount to vwap.
They raised first part of a 2 part offer $440k at the new lower issue rate 0.02 after issue was amended and was done to "institutions" and directors . They probably mean Sophs as I don't actually know of instos on the register. Will see how many the staff and related parties took up and if they indeed took a placement fee discount as well.

I had great concern that there was going to be a further issue price reduction - down top base level or withdrawal by those that committed to the issue . Only way to go lower than $0.001 would be to consolidate.

Gotta wonder if this is just a way to suck some cash in to keep paying wages or if they really have a business and are going to make ago of it and just leveraging in themselves before releasing some good news they pretty much know is coming . If they don't have some mining orders locked in to support risk it smells. Astounds me with so little cash they would go down the path of creating a 2nd manufacturing option so there is obviously issues on cost / quality at existing arrangements

Expand

This was not done with a lot of smarts , should have had a consolidation at the same time now there is no frigin incremental share spread its either buy at 3 cents or sell at 2 cents . One has to wonder who at Baker Young is giving ABV advice .

ABV Price at posting: 0.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

There are more pages in this discussion • 6 more messages in this thread...

First 6 Last

Add ABV (ASX) to my watchlist

(20min delay)
Last 8.9¢		Change -0.001(1.11%)		Mkt cap ! $28.70M

Open	High	Low	Value	Volume
8.8¢	8.9¢	8.8¢	$3.985K	45K

Buyers (Bids)

No.	Vol.	Price($)
1	3072	8.9¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	249494	3

View Market Depth

No.	Vol.	Price($)
1	131787	0.012
1	100000	0.010
1	700561	0.009
2	10000000	0.001
0	0	0.000

Price($)	Vol.	No.
0.014	371498	2
0.015	528000	2
0.016	119374	2
0.017	687500	3
0.019	575000	1

Last trade - 15.14pm 22/11/2024 (20 minute delay)

ABV (ASX) Chart

Ann: Accelerated Non-Renounceable Issue, page-6

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Buyers (Bids)

Sellers (Offers)