I agree with you Sam and said the same a while ago. As I pointed out in an example of $15,000 limit is that Constable, for example, receives one share for every six held whereas someone with say 30,000 shares would have recieved 4 shares for every 1 held. In most capital raisings the SP will fall, but not as radically as ANP. IMO Patterson's expected the SP to hold above issue but still pick up at least 30% at a bargain like the options. No doubt it was they who recomended this process but it was ANP's management who agreed.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 343 | 8.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 343 | 0.080 |
1 | 24999 | 0.079 |
3 | 78158 | 0.078 |
1 | 13844 | 0.077 |
1 | 8000 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 10000 | 1 |
0.083 | 281992 | 3 |
0.084 | 100000 | 1 |
0.085 | 136669 | 3 |
0.086 | 135412 | 3 |
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