Not saying this will happen here for sure but another share I was involved in but no longer, issued shares with options at trading price in ECT case .1c
then many of those that took up the offer sold their shares and got to keep the options as a free hold. If that happens here which IMO it will to some degree, wonder how for long and how many sellers will be at .1 ? Of course any good news could see that SP gone in a day but this raise has a shitload of shares to churn through.
Ann: Appendix 4C - quarterly, page-30
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $59 | 29.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 31026071 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 12757985 | 13 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ECT (ASX) Chart |