They could have pitched at 6.30 - 6.50 but no, MacQ just slashed it to 6.00 so that their wealthy mates in institutions got cheap stock while retail holders get shafted by peeling a dollar off their share price. Too easy for them to pocket a quick 3.5 million in fees for basically doing nothing.
Wonder what happened to that law that stated no shareholder can be disadvantaged over another ?
Too many sleazy unfair deals occur nowadays without being pulled up. At the very least, existing retail holders should have got a SPP at the same price of $6
Ann: Successful $100m Institutional Placement, page-12
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Last
99.0¢ |
Change
-0.060(5.71%) |
Mkt cap ! $385.1M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.02 | 98.0¢ | $3.442M | 3.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 169898 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 3602 | 1 |
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| CHN (ASX) Chart |