yoo wont get $1.10 for all the shares you want to sell. The Co. is only buying back 20mill worth. youll be stuck with what tever the difference is (lets say is 50% of your shares) and forced to sell them on market. If enough ppl try to do that, it will push the share well below $1.
The million dollar question is: how many people just want out? If its less than 1/3 you realy can buy today and sell at $1.10 in March, but if 75% want out, you are going to be stuck with a whole lot of shares that you dont want to own.
Does anyone who was at the AGM have a sense for what proportion of holders simply want out? Mr Moses has since suggested that it was about one third.
progen to merge with avexa, page-7
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Last
44.0¢ |
Change
-0.005(1.12%) |
Mkt cap ! $72.46M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 44.0¢ | $10.48K | 23.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1124106 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 1389 | 1 |
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| Last trade - 10.10am 12/07/2024 (20 minute delay) ? |
| PGL (ASX) Chart |