It means those rich investors ( not me ) who were allocated placement shares in part 1 of a 2 part capital raise, can now sell them . They were allotted their shares at a discounted price of .006 . Once they new shares hit their trading account , they can sell them on market , for example at today’s closing price, at a profit of 16.66% , that’s if they can find enough buyers, or alternatively , they can stay on as shareholders , until the Management proves its mettle and gets the party started. Hope that clarifies things a bit.
for your information, to gain share allocation at a discount, ( sec. 708 client ) you have to be a client of a broker , earn$250k a year, and have $2M in assets.
- Forums
- ASX - By Stock
- EMC
- Ann: Section 708A Notice - Tranche 1 Placement Shares
Ann: Section 708A Notice - Tranche 1 Placement Shares, page-3
Featured News
Add EMC (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $23.28M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $35.25K | 282.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 152029 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 84959 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 152029 | 0.125 |
6 | 180667 | 0.120 |
2 | 69478 | 0.115 |
4 | 455781 | 0.110 |
2 | 38104 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 84959 | 3 |
0.135 | 187392 | 4 |
0.140 | 502320 | 6 |
0.145 | 58750 | 2 |
0.150 | 154371 | 2 |
Last trade - 13.55pm 12/11/2024 (20 minute delay) ? |
Featured News
EMC (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Michael Thurn, CEO & MD
Michael Thurn
CEO & MD
SPONSORED BY The Market Online