I wonder if they apply this rule to Bell Potter too
In any instance, they need every cent they can get. I think they've just said that to scare people, as they need every cent and need to ensure the share price remains above $0.38..
I can't imagine that they go through applications, on a case by case basis, to see if they've sold. If I was denied on this grounds, would consider action to ASIC against them to ensure:
This being said, my prediction is that they won't trigger this, and will take every cent that they get, given that without a SC decision, next CR could be at $0.10 to $0.20
- They have applied the rule consistently and equitably. Importantly that Bell Potter were also not allowed to sell to fund their SPP
- The rules applied were documented (I.e. what time period, what value).
CR in Nov 23 $0.70
CR in July 24 $0.38
Next CR... do the math
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $173.6M |
Open | High | Low | Value | Volume |
42.0¢ | 43.3¢ | 40.0¢ | $113.4K | 274.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26469 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 26469 | 0.405 |
4 | 11353 | 0.400 |
1 | 33000 | 0.395 |
4 | 33425 | 0.390 |
2 | 5072 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 10000 | 1 |
0.420 | 6659 | 1 |
0.425 | 20000 | 1 |
0.435 | 10000 | 1 |
0.440 | 40000 | 1 |
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