Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
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SOR subsidiary Australian Advanced Materials has agreed to develop a self-charging battery technology through its collaboration with the University of New South Wales and CSIRO. The Battery cells create electricity from humidity in the air or skin surface to self-charge themselves within minutes. No manual charging or wired power is required. They are created with a printable ink and are ideally suited for use in Internet of Things (IOT) devices.
....[with the] opportunity to purchase shares in the SPP; the Company intended to raise $1,000,000 under the SPP. The Company has received strong interest in the SPP and exceeded the $1,000,000 target this morning. The Company has received over $4,294,000 in applications. This amount is above the $1,000,000 and as such, applications will be accepted on a first received basis up to the $1,000,000, with any oversubscriptions accepted at the Directors’ discretion and subject to all legal and regulatory requirements.
The Company intends to close the plan early on Monday, 2nd of November at 5pm AWST and reserves the right to scale back applications for amounts over $1,000,000. The Company will update the market with the final amount received and accepted once this is finalised.
I haven't bothered looking at a broker price summary of this stock today but with this amount of "free" shares I'd be selling at these prices.when the offer is at 6c, one would expect the cash to flow in. In this case, a whelming flood.
SPP at 6c, and trading around 13c this morning. Each company has its own aims and methods. I think pro-rata is better, maybe adjusted with a minimum then scaled for $$s received, rather than first in and best dressed.
Charles Murphy | 03 Feb 21 | -6,750,000 | $0.632 | $4,264,650 | |
Matthew Howard | 03 Feb 21 | -1,505,000 | $0.603 | $907,679 | |
Elliot Nicholls | 03 Feb 21 | -1,570,000 | $0.634 | $995,871 |
They should stop the announcements and price increase may occurLots of Market Sensitive announcements, this year, only to be met by Market Indifference
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