Pinned straw:
Just a follow up laoshi on your post.
On a Livewire segment last week a “penny stock” or microcap name gets dropped at minute 44 by Rudi Filapek-vandyck of FNArena . This is a little out of character, as Rudi usually is very dismissive of anything that is not a larger ASX stock.
The stock is DE.MEM (ASX:DEM). By way of background De.mem Limited (DEM), has a market cap of $27m and: “is an Australian-Singaporean de-centralised water and waste-water treatment business that designs, builds, owns and operates water and waste-water treatment systems for its clients.”
This morning DEM announced to the ASX a capital raise of $2m at 10 cents.
I received today an email from FNArena, which was an invitation to participate in the cap raise. At the end of the email is the sentence: “Investors do note: FNArena is acting as a distributor of this placement only on agreement with Bletchley Park Capital.”
As that pixelated little villain Stinky Pete once said to Woody: ‘It’s a dangerous world out there.”