the cap raise at 5.5c was $1.65mill, plus $540K in a SPP. And yes, 60c . ... definitely gets the horses restless.60c - 5c = 55c
(55 ÷ 5) × 100 = 1,100%
That was the gain in less than 2 months.
Lot of profit to protect, especially for those who participated in the $11m cap raise @ 5.5c
Third fallback from the near 60c level
Maybe, although no higher high to go with it.Looks a pretty healthy chart to me. I expect that a 3rd higher low is being put in about here?
This is some of the most sophisticated DD I have ever seen.I do like symmetry. As of a few moments ago AR9. Could someone please lend me two pencils.....A red one.....and a green one.
gg
View attachment 112035
in today's investor presentation, mention made that in recent months, archTIS’ profile has increased materially:the cap raise at 5.5c was $1.65mill, plus $540K in a SPP. And yes, 60c . ... definitely gets the horses restless.
Now 164million shares on issue.
I say add to the bagsChart still looks loaded to me and awaiting a catalyst (one good announcement)
I have no fundamentals to justify it and am not adding myself, just remarking on a nice chart.
Daily
View attachment 112906
Price action behaviour today was a 'frisky dog on a leash' when the Quarterly came out. Settled down after a while. (Still waiting for the BIG ONE?)Chart still looks loaded to me and awaiting a catalyst (one good announcement)
I have no fundamentals to justify it and am not adding myself, just remarking on a nice chart.
During the quarter, the Australian Government committed to the following funding initiatives to mitigate the growing threat to Information and Cyber Security:
• $270b of funding to Department of Defence, including $15b over the next decade to cyber and information welfare capabilities; and,
• $1.67b over the next decade to Australia’s Cyber Security strategy.
These Government funding initiatives have substantial information sharing requirements that archTIS is well positioned to potentially capture though the Kojensi platform, either directly or indirectly to private markets tendering to Government.
While not wishing holders any ill, this is just below where I sold out my second tilt at this great stock having profited on 2 run ups. I missed the great move up to 60c. Its a good trading stock. Come back to gg. Come back.How horrible. I'm only infallible 50% of the time. Let's hope for a spring back (possible).
View attachment 113780
Canberra-based cyber security firm archTIS has launched a cash call, two weeks after buying data security business Nucleus Cyber. The $69 million company was looking for $7 million in fresh equity on Tuesday morning via a placement of new shares, in a raising being handled by MST Financial and amicaa Advisors. The offer was priced at 33¢ a share, which represented a 15.4 per cent discount to archTIS' last close and a 19.7 per cent discount to the 30-day VWAP, according to terms.
Money raised would go towards sales and marketing and commercialising one of archTIS' products. It would also be used to finance some obligations associated with archTIS' purchase of Nucleus Cyber last week, for a $6.25 million initial scrip consideration and $3.5 million deferred scrip consideration.
Thank you both. I was about to consider re-entering ar9 and was unsure if the cr was a sign of strength or weakness. Q answered.Yep, it does seem rather soon. Ninety percent of me thinks they miscalculated the spend needed.
from the AFR today
But I thought they were in a strong cash position. Maybe they lulled shareholders. No one close to the company sensed this coming during recent price weakness? So 12 days ago they're informing the market that they're in a strong cash position, today they're announcing a capital raising.
Today, 10 November 2020, Trading Halt
" .. the Directors of archTIS Limited (ASX:AR9) request a trading halt be placed on the Company’s securities effective immediately, pending release of an announcement regarding a capital raising."
29 October 2020 ASX Announcement: AR9 Acquires Nucleus Cyber
• archTIS will acquire 100% of global information protection business, Nucleus Cyber (NC), for a total potential consideration of up to A$9.75m in archTIS shares.
• By utilising a scrip swap deal, archTIS remains in a strong cash position with circa A$4m cash at hand plus a further A$1m cash proceeds expected from exercise of expiring options by July 2021.
Chaos theory works on the 10%... what is 10% of you thinking?Ninety percent of me thinks they miscalculated the spend needed.
Raising $8.4mill from instos and sophisticates. At 33cI was about to consider re-entering ar9 and was unsure if the cr was a sign of strength or weakness. Q answered.
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