60% of the possible placement was not taken up , sums up where this company is at in a nutshell
the issue for existing shareholders is that they have effectively discounted the share price by around 45% from pre announcement 58 cents to 41 cents.Liquidity is non existent even if you wanted out.
something just doesn't make sense , how can you raise 10m at the float , then try to raise more than that amount again after 9 months?
who would ever think that the market was going to accept ,forgive and forget
CG1 Price at posting:
41.0¢ Sentiment: Sell Disclosure: Held
