'So, it was fully allocated without going to the underwriters. Is this correct?'
Almost - there was no formal underwriting. The two instos agreed to take $5m between them for a 6.25% fee. Effectively underwritten in all but name.
So unless they are truly long term holders there are 325m shares overhanging the market.
'So, it was fully allocated without going to the underwriters....
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $14.88M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $41.37K | 9.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 15920808 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 29092158 | 14 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
0.001 ( 10.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 560000 | ||
| Last updated 14.39pm 03/05/2024 ? | |||||
| OSL (ASX) Chart |