Multibag bag now almost fully reversed!!!!!!9 Jun 2022 12:47
This share had a meteoric rise from August 2020 and now look where it is, almost back at the point it started from. I believed in AZ, I believed in the business model and I believed there was demand, however, it appears the market doesn't believe, the banks don't believe and neither do the businesses that are looking to free up working capital (just look at the business development pipeline / revenue between the last 2 annual reports).
No doubt a placing or loan will be required soon to keep the lights on and that will only mean more dilution and more downward pressure on the share price. Furthermore, who is going to want to provide finance unless the reward far outweighs the risk through either a heavily discounted placing or high interest financing.