Something smells fishy, I doubt this will actually get voted through, and all the announcement did was reduce the share price further... so why did the board push the share price down? I doubt they are actually throwing in the towel, though I am sure they would love to run a company with less controls and accountability to shareholders...
Perhaps they are softening shareholders up for a raise, i.e. a rights / SPP. It would be pitched as "in response to overwhelming shareholder feedback". Just my unqualified opinion / guess.
Something smells fishy, I doubt this will actually get voted...
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Last
4.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.70M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.5¢ | $62.79K | 1.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 261352 | 3 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
4.7¢ |
Change
0.000 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| 4.7¢ | 4.7¢ | 4.6¢ | 155008 | ||
| Last updated 13.38pm 27/05/2024 ? | |||||
| BYE (ASX) Chart |