I would say zero legal case (although I am not a lawyer). By having the EGM and a vote they are conforming with Corporate law. If a majority vote in favour then it is legit. I am not sure how it would be in our interests to cost them heaps of money defending a legal case anyway!
I have bought another 300,000 on market since the CR was announced, so have topped up as much as I want and now let the management spend their energies growing the company .......
I see it as a positive to have Institutions on the register and would they have been able to raise that much money from the plebs like us - doubt it. Not unsympathetic as I was miffed to have my $15,000 rejected but have to look at the big picture.
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Mkt cap ! $311.8M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 29.5¢ |
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Price($) | Vol. | No. |
---|---|---|
30.0¢ | 588042 | 7 |
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No. | Vol. | Price($) |
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5 | 108150 | 0.290 |
3 | 85000 | 0.280 |
2 | 380054 | 0.275 |
1 | 11070 | 0.270 |
1 | 30000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 259931 | 6 |
0.305 | 516250 | 5 |
0.310 | 639920 | 14 |
0.315 | 340846 | 10 |
0.320 | 865919 | 21 |
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