So... we have a cap raise imminent.
Time to play nearest the pin.
I'll kick-off with $1m in con notes with a flexible draw-down.
CT1 needs to reassure the market they're a going concern. $1m would send a good signal. With the restructure in place, this would give the company a reasonable runway and buys more time for the Board. A flexible con note structure means they can elect not to draw-down the full amount if they decide to progress an acquisition and separate (much bigger) cap raise.
They need to act very soon, so I reckon an announcement next week.
I wouldn't be surprised to see FGF participate given they have flagged CT1 as 'highly strategic'.
Anyone else?
Nearest the pin...
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0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.474M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 23495490 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 222518 | 2 |
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