Usually not the case for my experience... They hold it in a temporary holding (green shoe account.. some may call it as such) for distribution... Other posters might have a better ideas ....
My concern is share consolidation process as part of the equity management to follow next.
Lets just hope management leave that process until PEN becomes a producer...
Underwriters are distributing shortfall shares..., page-9
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Last
8.2¢ |
Change
-0.002(1.81%) |
Mkt cap ! $261.3M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 8.4¢ | 8.1¢ | $254.9K | 3.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1682880 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 559081 | 12 |
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| Last trade - 11.02am 23/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |