100 Million shares is less than 10% of total shares.
So the Rights to holders would have been less than 1 share for every 10 held.
Every shareholder cannot afford to buy more at 28c.
Underwriters get the leftover shares at around 25c.
Happy with 10% they get rid of shares around 27c.
The value of 90% your holdings drop like a rock.
I would rather have it go to insto's at 28c, who will ho9ld tll much higher SP.
To gain 10% of shares at a tiny profit is not worth a drop of your holding as a whole.
Ann: Trading Halt, page-246
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Last
$1.07 |
Change
-0.025(2.28%) |
Mkt cap ! $2.564B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.07 | $7.814M | 7.263M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 98271 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 14861 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |