Because they get more shares for the money they front up. Once the shares are issued they will then pump the price up to off load. This is normal practice, the trick is to get in at a lower price than the issue price then you can't lose
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.470M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $7.268K | 908.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 635221 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1555467 | 4 |
View Market Depth
| Last trade - 15.48pm 09/10/2024 (20 minute delay) ? |
| BMG (ASX) Chart |