"They couldn't get rid of the asset any other way"
Are you suggesting SOC could not sell the asset for more than the $500K of scrip they are to receive through the IPO ? In that case, why would punters pay a $12M market cap on listing for it ...
I believe sunk costs would be $M+ easily on this, so they've effectively taken a 50% haircut just IPO'ing, perhaps much more - again happy to be corrected
SOC would have been better selling this for cash and writing it off
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.89M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 10.0¢ | $10K | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38064 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 23500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38064 | 0.098 |
1 | 7368 | 0.096 |
2 | 227222 | 0.090 |
1 | 80000 | 0.081 |
1 | 100000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 22205 | 1 |
0.120 | 12545 | 1 |
0.130 | 97482 | 2 |
0.150 | 600000 | 2 |
0.170 | 59840 | 1 |
Last trade - 10.18am 01/10/2024 (20 minute delay) ? |
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