Yep, people have been saying for ages that having 1.5 billion shares on register with overhang is bad. Bod are fixing it. Maybe this is a step to bring in stronger institutional shares.
All this hysteria and only 6.5mil shares traded, i bet there are 3 shareholders posting on this forum that collectively own more than that. The shareprice will go nowhere with this sort of volume, we need more liquidity to get any sort of movement, there is risk and it has been we highlighted by the day traders present, we need to get some institutions on board. Instead of everyone cherry picking bad stories about consolidations why dont we get our eyes back on the bigger picture here.
Ann: Notice of General Meeting/Proxy Form, page-147
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Last
$1.87 |
Change
0.050(2.75%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.90 | $1.80 | $722.2K | 387.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10985 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 10033 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |