PLY - PlaySide Studios

[UMike]

Need to find the next big project.

 

[UMike]

Unfortunately I am reporting another very ordinary Month for these guys.

 

[UMike]

Just as the SP is starting to rise and I see a little bit of hope for these guys they enter a trading halt for a Cap Raise,
.

 

[UMike]

PlaySide Studios (PLY-ASX) (“PlaySide” or “the Company”) is pleased to announce that it has received firm commitments from sophisticated and professional investors to raise approximately $6.6m via placement (the Placement).
ANNOUNCEMENT HIGHLIGHTS
. Firm commitments received for $6.6m placement at $0.20 per share
. Directors have committed to participate for up to $130k subject to shareholder approval
. Proceeds raised will strengthen the Company’s balance sheet ahead of major Original IP launches
. A Share Purchase Plan (SPP) on the same terms to be offered to existing eligible shareholders to raise up to a further $3.0m

Opened @22c
Above the offer price. I'll most likely double my exposure.

 

[UMike]

Still disappointing.

 

[UMike]

Still very Ho Hum