Refer you to my post three weeks ago (written pre-preliminary results when first trading halt was on) when I predicted the capital raise AND the opening price of the first day of trading: I'm amazed that the plan I suggested at this point was not followed, and instead we have seen this horrendous round trip from 18.5 to 36c and back down again to 21c, only to then announce a CR.
Now it makes sense why the stock has been so weak, with people obviously knowing this was coming. If you didn't see this coming, please learn how to read a balance sheet!! It seems almost too good to be true for an opportunity to buy stock again at 20c, knowing what we now know.
Anyone who does not subscribe to a CR, with such positive results AND a soon-to-be strong balance sheet, please just leave the forum and reduce the stupid amount of crap noise that I have to wade through before I get the worthwhile opinions of the few. A re-capitalised NTI is the best opportunity I have seen for a long time.
"One possible reason for trading halt rather than just releasing the results which have already been presented to a public forum... to use the huge share price reaction as an opportunity to raise badly needed capital.
The collapse of the Italian deal leave NTI without necessary revenues to get us through to FDA approval without having to cutback on research or marketing. European expansion has been slower than expected. However if these results are as positive as Carrick presenting them would suggest, then this is perfect opportunity to launch a fund raise for another $5m. There would be huge demand as at last we finally have proof that the technology works, and is on track for FDA.
$5m is currently 1/3rd of the market cap, but is also the expected income they have lost from the Italians. This would leave the company looking in a very healthy state post positive news + healthy balance sheet!
Without the capital raise I would expect the stock to double on Wednesday to 33p, therefore it would be roughly a 1 for 6 rights, and stock would trade around 28p post rights. I'll take that thanks.
Just a thought and purely speculation on their options."
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Last
7.0¢ |
Change
0.001(1.45%) |
Mkt cap ! $64.55M |
Open | High | Low | Value | Volume |
7.1¢ | 7.1¢ | 7.0¢ | $16.67K | 237.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 75250 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 23082 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 589299 | 0.070 |
1 | 36231 | 0.069 |
5 | 240000 | 0.068 |
2 | 255000 | 0.067 |
3 | 262000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 100000 | 1 |
0.074 | 40000 | 1 |
0.075 | 738582 | 2 |
0.076 | 90000 | 1 |
0.077 | 190000 | 3 |
Last trade - 14.13pm 28/11/2024 (20 minute delay) ? |
NTI (ASX) Chart |