"I am pleased to announce that this process is well underway and that there will be further announcements in the near future which will reflect the beginnings of this strategic shift. In this regard, Prestige Glory has already displayed it’s confidence and support of this new strategic intent by injecting a further AUD1,37 million into the company in terms of the recent share placement and similarly by committing to underwrite the forthcoming share placement to the extent of a further AUD5,6 million."
"injecting a further AUD1.37m...." interesting, suggests that Prestige Glory was already an important shareholder. Maybe they were responsible for the high volume spike back in January
HWK Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held