re: Ann: Invion announces Rights Issue Entitl... this placement bugs me.
The 21 Feb ann said 'existing shareholders' to be offered the placement. But now we discover its holders on 28/2, as it goes 'ex' on this date, record date of 6 March. Hardly 'existing'.
1) Any 'option' value to buy at $0.075 for holders on 21st Feb now had a value of ZERO (due to misleading ann), and there price of that option was probably small, but the market valued it at around $0.01 per share.
2) Some sellers were already in the mix selling 5% to finance their option to buy $0.075 later on.
3) the presentation dated 14/2 is more downbeat about inv103 timeline. Results in "2014", not 1 H 2014...
thats why I think we are at 0.077 now.
fairly annoyed because I was accumulating at around 0.090.
Ann: Invion announces Rights Issue Entitlement Of, page-7
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IVX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $7.928K | 3.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 43978864 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 7811467 | 20 |
View Market Depth
| Last trade - 15.59pm 18/10/2024 (20 minute delay) ? |
| IVX (ASX) Chart |