So 333333 SIXAA options converted to 2.35 million shares @ .0106c each. Instant 20 to 30% profits for SIXAA holders.
Nearly 17 million SIXAA options remain. With that continuing 20% discount, conversion will likely be at much below a cent, so say about 125m to 200m more shares will be issued. Current holders shafted by the dilution. Why anyone would buy on the market at current prices is beyond logic IMO. I wouldn't catch a falling knife.
Ann: Application for quotation of securities - SIX, page-2
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.36M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 100000 | 1 |
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| Last trade - 11.01am 13/05/2024 (20 minute delay) ? |
| SIX (ASX) Chart |
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