I'm curious if this $350k per 30 day period has actually hurt the sp when it was intended to help stop the bleeding caused by L1. If they converted the whole remaining amount the other day and the vwap was still $0.019 then they would have got another 25m odd shares and that would have been it. All over. But they wouldn't be able to dump the whole lot into a buyer support level @$0.016 because there wouldn't be enough buyers so they would be forced to drip feed into a potential bottom, maybe force them to even prop up a bottom and cause demand at their lower limit to stop the sp dropping them out of a profit zone.
Instead they get enough to dump In to support and then another month goes by, the sp is down another 3 pips and it's rinse and repeat.
I'm interested is what @RobbieinAus makes of this in his spreadsheet to see if they would be capped at a sell price which they may be forced to actually support themselves to ensure they can keep selling their holding without loosing out.
- Forums
- ASX - By Stock
- OAK
- Ann: Appendix 3B - Part Conversion of Convertible Security
OAK
oakridge international limited
Add to My Watchlist
1.56%
!
6.5¢

Ann: Appendix 3B - Part Conversion of Convertible Security, page-22
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
6.5¢ |
Change
0.001(1.56%) |
Mkt cap ! $1.754M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.5¢ | $57 | 869 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90740 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 375 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2350 | 0.065 |
1 | 90740 | 0.064 |
1 | 226823 | 0.063 |
1 | 36000 | 0.055 |
1 | 90000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 375 | 1 |
0.082 | 22450 | 1 |
0.105 | 1524 | 1 |
0.175 | 52757 | 1 |
0.180 | 30000 | 1 |
Last trade - 15.44pm 02/07/2025 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |
The Watchlist
RAC
RACE ONCOLOGY LTD
Dr Pete Smith, Executive Chairman
Dr Pete Smith
Executive Chairman
SPONSORED BY The Market Online