Well that's because you own a petty amount of shares. There is a half a cent difference between today's close and the 1.7 cents offer price. That's a lot of profit to substantial shareholders who own 50% of the company. Even a small timer like me has a $2000 profit given the current SP. And I topped up today at close and sent the SP to 2.2 cents as I am banking on the DX1 results to change my financial life. The chances of a run on announcement of results are high and the 17 million market cap can easily go up 10 fold if the results are spectacular. The chances of losses is low AT THIS STAGE OF TRIALS.
Brainy
Ann: $2.4 Million Fully Underwritten Rights Issue, page-24
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $7.201M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $564 | 161.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 29348732 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 26555626 | 17 |
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| Last trade - 12.59pm 18/10/2024 (20 minute delay) ? |
| PAB (ASX) Chart |