'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
0.5¢ |
Change
-0.001(10.0%) |
Mkt cap ! $14.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $23.54K | 4.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 22748266 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5252373 | 2 |
View Market Depth
| Last trade - 15.55pm 25/06/2024 (20 minute delay) ? |
| OSL (ASX) Chart |