I've only had a skim admittedly, but isn't this being underwritten by parties related to NM?
Assuming frustrated holders don't participate in great numbers, isn't this just a way of the underwriters being "forced" to pick up the slack and "mandatorily" acquire shares at half the last traded price?
Ann: Prospectus - Non-Renounceable Entitlement Offer, page-8
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $25.04M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $4.727K | 189.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148895 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 493010 | 1 |
View Market Depth
| Last trade - 10.11am 29/07/2024 (20 minute delay) ? |
| DGR (ASX) Chart |