No problem from my point of view Klogg, I'd missed the line from the 4c also. YQ seem like an IT company who specialise in banking among other areas. Management are looking to win more bank customers in SE Asia and perhaps the investment relates to this. If it is capital expenditure then it won't appear as an expense, software development may also be capitalised or may be expensed.
Still not sure why they issued shares instead of paying cash?
I guess it would make more sense if they were advising on the acquisition but that doesn't seem to be the case. Shares issued at 25c is good only if the company is worth less than 25c (or if they are short of funding and can't issue shares at a higher price) imo, but is better than issuing them at 14c.
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No problem from my point of view Klogg, I'd missed the line from...
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1 | 250000 | 0.008 |
1 | 250000 | 0.005 |
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Price($) | Vol. | No. |
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