Often Founder / Directors hold large parcel of shares often do not see their share price rise to a level they like because of liquidity issue.
Ultimately it's a choice between a large percentage of small share price (or small cake), or a smaller percentage but an increase in share price (bigger cake).
Given this was sold to institutions at $5.40, at least we know that they will do their utmost to promote to their wider market, hence the rise in share price we've seen recently.
If this wasn't done - I believe we'll still be stuck at $4ish pretty much forever with lack of exposure (in terms of investment roadshow, presentation, etc)
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47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $48.04M |
Open | High | Low | Value | Volume |
46.0¢ | 47.0¢ | 46.0¢ | $6.712K | 14.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 17352 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 17286 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 17352 | 0.455 |
3 | 75235 | 0.450 |
1 | 1459 | 0.445 |
1 | 163 | 0.430 |
2 | 29735 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 17286 | 5 |
0.490 | 289 | 1 |
0.500 | 7433 | 4 |
0.510 | 1000 | 1 |
0.520 | 90 | 1 |
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