One final point is that there is another rule known as the cash formula for investors that have invested in the the previous 12 months pre IPO/RTO. Part of their shares are escrowed, i.e. the uplift/profit component.
An example is as follows; investor invests 100k at 5c pre IPO and the IPO is at 10c. Half the stock (100k worth at 10c) is escrowed for a period up to 12 months from the date of investment. The other 100k is tradeable.
This protects the IPO/RTO incoming shareholders.
So, in summary, maybe they are all less than 10% and have held the stock for more than 12 months. It would have all been in the prospectus.
Where's ASIC?!!!, page-35
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BUB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.3¢ | $1.257M | 9.836M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 267089 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1368314 | 26 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BUB (ASX) Chart |