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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12.0¢ |
Change
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Mkt cap ! $34.72M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $3.745K | 31.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68793 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 60213 | 1 |
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| DEM (ASX) Chart |