How are the institutional, ‘sophisticated’ and ‘professional’ investors that took part in this $1.50 per share capital raising feeling today?
$1.50 to 11 cents in 3.5 years.
And Starpharma have not managed to get even a single solitary new drug into the clinic despite this stellar capital raising. Now the new CEO has admitted the company is looking at going into capital preservation mode.
Is a 6 person board plus an advisor to the board really necessary for a micro cap company? Wouldn’t surprise me if CM was looking at reducing headcount across the company starting with minion staff members.
https://announcements.asx.com.au/asxpdf/20200930/pdf/44n4yy4wcyt0jd.pdf
How are the institutional, ‘sophisticated’ and ‘professional’...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $47.38M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $33.06K | 289.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 100000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 12.0¢ | 158199 | 6 |
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| Last trade - 15.45pm 20/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 11.3¢ | 11.5¢ | 11.0¢ | 195357 | ||
| Last updated 15.47pm 20/05/2024 ? | |||||
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