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
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $15.82M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.2¢ | $3.461K | 108.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 294129 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 157251 | 1 |
View Market Depth
| Last trade - 13.04pm 30/05/2024 (20 minute delay) ? |
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Last
3.2¢ |
Change
-0.002 ( 3.23 %) |
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| Open | High | Low | Volume | ||
| 3.2¢ | 3.2¢ | 3.2¢ | 15590 | ||
| Last updated 11.50am 30/05/2024 ? | |||||
| SIX (ASX) Chart |