Was anyone else surprised by the announcement this morning where 50% of the options were taken up through a underwritten structure.
Sure the fund is bigger but the share price has been shredded.
I did the Marty Switzer Dog and Pony show and queried him on the option strategy. He indicated that they wanted a large take up of the option but did not mention that they were prepared to shoot off $1.25Million and also destroy a jump in the share price that is long overdue.
Was anyone else aware of this strategy
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Last
$1.89 |
Change
-0.040(2.07%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.93 | $1.88 | $484.9K | 254.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 20000 | 1 |
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| Last trade - 15.48pm 09/09/2025 (20 minute delay) ? |
| WQG (ASX) Chart |