What you say is false, you need to re-read the Corps Act and ASX rules.
Placements are the lazy approach by management, and actually cost a lot more with the fees, options and discounted prices that are often "negotiated".
Pure stand alone placements should never be given as a discount in my opinion. If all of a sudden there are investors so keen to become shareholders and they can't acquire the position they want on market then clearly they should be willing to pay up.
Ann: Proteomics International raises $6m in successful Placement, page-24
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $64.65M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.0¢ | $98.01K | 252.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9722 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 44999 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| PIQ (ASX) Chart |