It really depends on their long-term intentions.
The subshareholder notice details it's only DELPHI selling not Deutsche Balaton Aktiengesellschaft who has the larger holding 161mil shares.
If Delphi is selling shares on market to exercise their options, I see nothing wrong with it. DELPHI has 13.5mil 8c options, Which will cost around $1mil to exercise, They have already sold enough shares on market to convert their options.Based on their current selling, we will need to wait another 2 months to see if they are continuing their selling, or hopefully we see them convert their options instead.
Ann: Change in substantial holding, page-4
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Last
5.5¢ |
Change
-0.003(5.17%) |
Mkt cap ! $94.08M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.7¢ | 5.5¢ | $7.411K | 133.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 201404 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 50000 | 1 |
View Market Depth
| Last trade - 15.37pm 17/06/2024 (20 minute delay) ? |
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Last
5.5¢ |
Change
-0.003 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| 5.7¢ | 5.7¢ | 5.5¢ | 105389 | ||
| Last updated 11.26am 17/06/2024 ? | |||||
| ATC (ASX) Chart |
