'So, it was fully allocated without going to the underwriters. Is this correct?'
Almost - there was no formal underwriting. The two instos agreed to take $5m between them for a 6.25% fee. Effectively underwritten in all but name.
So unless they are truly long term holders there are 325m shares overhanging the market.
Ann: Entitlement Offer Results and Shortfall Notification, page-4
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $52.97M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $56.50K | 4.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 12011630 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 6141425 | 9 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| OSL (ASX) Chart |