It means those rich investors ( not me ) who were allocated placement shares in part 1 of a 2 part capital raise, can now sell them . They were allotted their shares at a discounted price of .006 . Once they new shares hit their trading account , they can sell them on market , for example at today’s closing price, at a profit of 16.66% , that’s if they can find enough buyers, or alternatively , they can stay on as shareholders , until the Management proves its mettle and gets the party started. Hope that clarifies things a bit.
for your information, to gain share allocation at a discount, ( sec. 708 client ) you have to be a client of a broker , earn$250k a year, and have $2M in assets.
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Last
11.0¢ |
Change
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Mkt cap ! $20.49M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 10.5¢ | $8.159K | 77.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27585 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27585 | 0.105 |
4 | 208321 | 0.100 |
1 | 150000 | 0.099 |
1 | 10800 | 0.098 |
1 | 31150 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 20000 | 1 |
0.115 | 37098 | 1 |
0.120 | 140000 | 2 |
0.130 | 224384 | 5 |
0.135 | 174642 | 2 |
Last trade - 15.58pm 06/09/2024 (20 minute delay) ? |
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