All speculation and guesses.
IB Daiwa are a Japanese company and they operate in the Japanese way. They may have other areas of their business that dictate they liquidate investments, such as ADD, at the present time.
One thing is clear they had arranged a buyer to take their investment off them at a price of 2 cents per share. Who that buyer is the market has not been informed?
In any event, I will take up my entitlement.
ib daiwa sells shares, page-10
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.261M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $19.30K | 4.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 305750 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8341911 | 14 |
View Market Depth
| Last trade - 13.28pm 25/07/2024 (20 minute delay) ? |
| ADD (ASX) Chart |