RobbieinAus,
Even though there were blackout periods couldn't they have just put a motion forward to buy in at the current price? Very similar to the Future Placement Shares motion but instead buying on market and instilling a heap of confidence and probably price increase?
I am not certain of the blackout rules however thought this was a possibility especially since if news is imminent as mentioned in the meeting then this is probably still considered a blackout period (and they asked for Future Placement Shares regardless).
Again, not sure on blackout rules but figured that directors always have a way to obtain shares if they want (even if have to put to vote). Could be totally incorrect though...
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Last
6.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.754M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45000 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 11100 | 3 |
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| Last trade - 16.21pm 16/07/2025 (20 minute delay) ? |
| OAK (ASX) Chart |
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