Some holders may be expecting to be able to buy in the SPP, hence not buying on market.
Need to consider that the SPP is targeting to raise $1,200,000.
If shareholders apply for their max subscription of $30,000, then only 40 holders would completely fill the SPP.
In the last Annual Report it stated there were 884 shareholders.
I think its likely there will be a large scale back.
Ann: Investor Presentation, page-28
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14.0¢ |
Change
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Mkt cap ! $40.50M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $16.35K | 118.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 280860 | 4 |
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