" hence the share price decline, then the stock goes into trading halt and raising happens at a lower price than it should have."
And it only cost them probably a few million shares at the reduced prices (assuming other sales were regular sellers), to reward them with almost 20 times as much at that lower price.
While I like the business prospect, the financial capital side of this company doesn't ring so genuine.
placement, page-19
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Last
30.5¢ |
Change
0.035(13.0%) |
Mkt cap ! $251.0M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 30.8¢ | 27.0¢ | $1.165M | 4.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 666948 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 71382 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| TCG (ASX) Chart |