It will be interesting to see what happens to the share price once the Retail Entitlement Offer securities hit the market on 26 March 2018.
The share price fell by 2 cents after the last capital raising (45 cents) completed on 15 December 2017 but recovered a couple of weeks later and was back to 45 cents at the beginning of the New Year.
The share price steadied at around 50 cents during January and much of February before it crashed on 23 Feb following the release of the Restructure Plans and Guidance on 22 Feb.
The Institutional Entitlement Offer securities hit the market on 6 March and the share price has fallen 2 cents since that date.
Disappointing.
BPS Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
