ABV

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9.0¢ advanced braking technology ltd

This was not done with a lot of smarts , should have had a...

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plough

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07/08/18

12:55

Post #: 34772922
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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

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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
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(20min delay)
Last 9.0¢		Change 0.000(0.00%)		Mkt cap ! $28.70M

Open	High	Low	Value	Volume
9.0¢	9.0¢	9.0¢	$955	10.60K

Buyers (Bids)

No.	Vol.	Price($)
1	35000	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	269494	4

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 - 11.19am 21/11/2024 (20 minute delay)

ABV (ASX) Chart

This was not done with a lot of smarts , should have had a...

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

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

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

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This was not done with a lot of smarts , should have had a...

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