"Terms of the Agreement
In consideration for Monash IVF’s performance of this work, MEM has agreed:
to issue Monash IVF or its nominee AUD$80,000 worth of fully paid ordinary shares in the capital of MEM at its next equity capital raising, with a minimum raising of $2 million, at a deemed issue price equal to the issue price of the equity raising"
MEM's nonchalant approach to capital raisings is quite stunning to me.
A throwaway line in their latest announcement as if a $2m cap raising on a company with a MC of $4.3m is no biggy. 45% dilution!
It's opened higher which is fantastic. But I feel MEM's shareholders taken for granted a bit.
"Terms of the Agreement In consideration for Monash IVF’s...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $24.15K | 4.830M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 15800000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8751662 | 3 |
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| Last trade - 10.17am 08/11/2024 (20 minute delay) ? |
| MEM (ASX) Chart |
