OK you're correct - not institutions. The amount was 2 million...

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dyeman

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06/03/18

10:42

Post #: 31551475
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Originally posted by stormer ↑

Dyeman, you should do your research before you post

Firstly, they raised a million dollars or so...it was NOT raised from institutions..and sophisticated investors are retail investors who fill in a form

Secondly, I was NOT scathing of management for not including retail investors...I was scathing of the price they did the raising at

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25 January 2017 Dimerix Raises $2 million to Advance Clinical Program

Dimerix Limited (“Dimerix” or “the Company”) advises that it has received commitments for a placement to raise $2,000,000 (before costs) (Placement). 333,333,333 new shares will be issued to sophisticated and professional investors under the Placement at an issue price of $0.006 per share.

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OK you're correct - not institutions.

The amount was 2 million not 1 million. To be a sophisticated investor is more that just filling in a form:

To qualify for your sophisticated investor status you have to get a certificate from a qualified accountant certifying that you had a gross income of $250,000 or more in each of the previous two years or have net assets of at least $2.5 million. The certificate is valid for two years.

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How many retail investors of DXB do you think would qualify? (disclosure - I don't ).

Anyway here are a couple of threads related to that capital raising for everyone's enlightenment:

https://hotcopper.com.au/threads/ann-lr-3-10-5a-disclosure.3207536/#.Wp3PhajXaUk

https://hotcopper.com.au/threads/ann-shareholder-newsletter.3209723/#.Wp3Qs6jXaUk

DXB Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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First 45 Last

(20min delay)
Last 35.0¢		Change -0.025(6.67%)		Mkt cap ! $25.68M

Open	High	Low	Value	Volume
37.0¢	37.0¢	35.0¢	$387.8K	1.079M

Buyers (Bids)

No.	Vol.	Price($)
11	394907	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
36.5¢	15948	1

View Market Depth

No.	Vol.	Price($)
1	75000	0.086
4	139056	0.085
2	158037	0.084
1	50000	0.083
2	29695	0.082

Price($)	Vol.	No.
0.087	1995	1
0.090	50000	1
0.091	76873	1
0.092	99798	1
0.093	50000	1

Last trade - 16.10pm 12/12/2024 (20 minute delay)

DXB (ASX) Chart

OK you're correct - not institutions. The amount was 2 million...

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