eagle, AXM is an example of that and looks like it may have to give back all it raised as it didn't raise the minimum, and it would be unlikely to be able to do so now, unless some sod wishes to pay millions out at double the current share price- it would be some kind of white knight to do that!
This looks like a standard raising. The sensible thing about this is that if they can do a placement and SPP, instead of say, a rights issue, then there will be no ex-date, so no extra point to fall post-ex date, because, let's face it, this company can't afford to lose too many more increments, or it will be dust!
I wonder if LJ has been putting the hard word on CGP. I've seen it before: when things for wrong, LJ can pull the pin and want interest, penalties, and a large pound of flesh. If CGP can remove the liability that is LJ, they may do ok.
Re BreatheAssist, can't CGP just put it in boxes and sell it to chemists, like PNO does with its product?
CGP Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held