I think it's a valid concern you and many others would have. What happens on Friday when people with SPP decides to offload.
Let's assume the unlikely possibility that half the shareholders dump on Friday. That would mean around 32 million shares into the market.
Today, IOU traded 50 million shares in a single day with multiple >$100k buys and a significant number of large trades. Whenever there are sellers, there are buyers. I can't imagine the SP taking a huge hit on Friday. Let them sell and there will be buyers waiting.
Besides, if it's friends and family that participated in the SPP, they would definitely be in this for longer than 1 month i'm sure. They would have the inside scoop of things.
All in IMO.
Ann: Successful Capital Raise, page-154
-
- There are more pages in this discussion • 237 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 OVT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $6.225M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $59.61K | 15.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 995909 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8315043 | 17 |
View Market Depth
| Last trade - 15.54pm 27/09/2024 (20 minute delay) ? |
| OVT (ASX) Chart |