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3.7¢ altamin limited

Ann: Oversubscribed SPP Raises $2 Million, page-16

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Itrade123

302 Posts.

64

03/09/20

11:19

Post #: 47050926
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Originally posted by pipebuilder: ↑

'The scale-back was applied pro-rata to each Eligible Shareholder’s shareholding at the Closing Date.' That's a bit sneaky. It should be stated upfront or the very least 'applied pro-rata upto the max of $30,000'. (Maybe I missed that in the offer doc) So if you sold ALL your shares at 0.006 cts to apply for SPP shares at 0.004 cts, you will get nil. (Insto do that all the time, sell and buy back at the lower rights price).

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And to be fair, that would be a good strategy-instant 50% gain, but they did warn it may be scaled back so it was risky. But I agree with you, they should have said that your balance at the closing date is important.

AZI Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.003(8.82%)		Mkt cap ! $16.23M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.7¢	$1.11K	30K

Buyers (Bids)

No.	Vol.	Price($)
1	43264	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	1272287	2

View Market Depth

No.	Vol.	Price($)
1	43264	0.034
1	20000	0.031
2	229695	0.030
1	200000	0.026
1	300000	0.025

Price($)	Vol.	No.
0.040	1272287	2
0.045	253334	1
0.049	4250	1
0.053	52239	2
0.070	513000	1

Last trade - 11.00am 10/10/2024 (20 minute delay)

AZI (ASX) Chart

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