it’s very simple why they holding this back. The current shares on issue at 14.5 cents. It’s already been underwritten meaning and shortfall will be scooped up by a institutional investor/group etc.
they holding this back so shareholders don’t take up their allocation meaning they get more and make more money.
based on 500k shares - it’s approx a 2k allocation. As the price hovers at this level many shareholders won’t bother taking it up as it’s such a small parcel.
these guys are very smart. 2k parcels x 100 is a lot of shares and profit.
I believe once Monday is done, the handbrake and announcement flow will start.
all I say is take up your allocation no matter how small. Don’t let the greedy institutions get them, remember this money goes to help the company be a mega monster.
just my opinion.
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