A capital raising of $250m via a public offer of 250m shares at 1c appears likely. Refer: Page 10
The Directors (Administrators??) reckon its a going concern. Sounds like bollocks and an opportunity to suck more fees from the corpse.
If relisted on the ASX how are they going to handle the many holders of unmarketable parcels? Maybe that is what the cap raising is for.
Then again I could be totally wrong. After all I did buy into this outfit so my credibility is sky high.
Holding 'cos I have to.
A capital raising of $250m via a public offer of 250m shares at...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $8.846M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.516K | 303.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4270250 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 203884 | 1 |
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| Last trade - 12.54pm 25/11/2024 (20 minute delay) ? |
| TSL (ASX) Chart |
