Seems to me NTL directors could not pump the share price with a major positive announcement like Bonanza (which could cause a price surge) AND THEN announce the Same Class Equity Offer (Share Purchase Plan).
That would be unethical in that it may prompt people to buy on the news, and then crash the price on them.
Correct path has to be announce the Same Class Equity Offer (Share Purchase Plan) AND THEN announce Bonanza upgrade. That way no one can claim they bought on good news only to then find their NTL was about to be diluted.
Have to say NTL better have some damn good news tomorrow or they will get no buy-in on the Share Purchase Plan.
Still think the news HAS to be good or they would not be following the current strategy.
Ann: Same Class Equity Offer (Share Purchase Plan), page-51
-
- There are more pages in this discussion • 99 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 NTL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.32M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 647616 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 32615 | 1 |
View Market Depth
| Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
| NTL (ASX) Chart |
Day chart unavailable