with the stock suspended at 5 year lows (or whatever it actually is) those short have no problems. Further to that, a rights issue cannot be selective, you either have the right as a holder or do not because you are not a holder.
The dilution here is going to be massive good oil. Lets say even a 20% dilution (it could be 30%), the stock comes on below $2 and the shorters may look to cover then, but I doubt whether they are losing sleep. As i said, i cannot think of an instance where a extended suspension has been positive.
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Last
$1.93 |
Change
0.025(1.31%) |
Mkt cap ! $1.415B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.94 | $1.89 | $6.609M | 3.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45504 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 80804 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| KAR (ASX) Chart |