Had to think for a moment but the clear desire to eliminate shorting and drive shareholder value while increasing capital reserves to guarantee going concern certification by auditors it certainly would be a plan to achieve all these aims:
1. Minimum dilution as fewer shares would be issued to LDA Capital due to a higher share price;
2. Such shares could be virtually removed from circulation by being locked up in ADR’s in the hands of US institutional value investors like ARK;
3. Increased demand for ADR’s by US institutions would continue upward pressure on the share price;
4. Shorts would be locked out;
5. Shareholder value would be maximised.
It is a compelling hypothesis you have posited. Ken Scarince is an experienced clever operator with a strong ethical core.
My opinion only DYOR
FF
AKIDA BALLISTA
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Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $502.9M |
Open | High | Low | Value | Volume |
26.0¢ | 26.3¢ | 25.0¢ | $3.204M | 12.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 434980 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 697239 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 434980 | 0.255 |
40 | 1257219 | 0.250 |
26 | 676596 | 0.245 |
30 | 1130364 | 0.240 |
17 | 828643 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 697239 | 15 |
0.265 | 450991 | 16 |
0.270 | 660781 | 17 |
0.275 | 749952 | 15 |
0.280 | 699752 | 16 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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