I don't see why they don't allow retail investors to buy up to $15,000 with no scale back at all. the extra funds they generate could be used to reduce the amount they borrow from NAB - thus not so much debt,
just extra shares listed.
Obviously some more dilution but no worries about debt being called in by the bank.
Thus existing shareholders benefit (getting more shares at very reduced price of 70 cents) and company carries less debt. A win for the company and a win for the existing shareholders!!
Massive Scale Back, page-22
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Last
$2.31 |
Change
-0.050(2.12%) |
Mkt cap ! $1.307B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.28 | $1.333M | 577.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6528 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 15063 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |