JB
No listed company engages in a capital raising for the purpose of allowing shareholders to buy cheap shares. A bizarre proposition. A capital raising costs the company cash. Cash we can ill afford to throw away on a grand gesture.
Listed companies have capital raisings because they need more capital. Its as simple as that. There is a number of reasons why some companies would need more capital. It may be to facilitate a significant event in a companies progress. Sadly in my observations it appears to be to remain solvent.
Unless you have credible inside information you are not making a lot of sense.
Capital raising equals capital required. I think that makes sense.
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Change
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Mkt cap ! $3.312M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11012939 | 22 |
0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
0.008 | 3646766 | 2 |
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