Yeah the ruthless sophs rarely pay a premium..... let alone 900 percent. Their valuation at 1cent is circa 65 million but it's trading at 5 million.
i remember reading the Ann a month or 2 ago thinking yeah right !!! But the money is received now.... How come it was received and reported in their last quarterly and half yearly report?
also I read creditors can call upon repayment upon a meaningfully credit raising.... So likely this money will go straight back out the door.
disclosure... Only had a quick peruse of this stock so maybe wrong.
nonetheless a good announcement. It's hard to buy a stock for .001 though a pip up and big gains a pip down and your in trouble. Really need a consolidation
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