"It seems inconceivable that Prestige Glory would pay more than double for a share that they can get in the market and that they could possibly get cheaper by renegotiating the rights issue pricing or ratio. "
Please explain how it is possible for Pacific Glory to purchase the number of shares on market they actually require.
Can you cite an example of a company that has reneged on its rights issue because a few retail investors ( for whatever reason) decide to dump their shares.???
Whenever the SP falls , the noise & fear mongering ( usually from non-holders)increases in direct proportion.
Pacific Glory is now holding >15 % , as far as we know Macquarie is happy to sit tight on their holding as well.
how low can this stock go?, page-26
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.5¢ | $43.45K | 2.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 11640727 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 79565 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| AZL (ASX) Chart |