At the current OA price, whoever converted could have sold the 35 million for $560 k.
However, he chose to convert to shares, at 0.9c. At the current SP of 2.2c, if he then sells the shares he would realise only $455k.
So in fact, whoever converted these OA's chose the lesser profit, in fact, some $105k less.
WOW - that's confidence.
More Oppies Converted, page-13
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.10M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $22 | 6.218K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 18713923 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12658157 | 23 |
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| Last trade - 15.38pm 09/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |