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Ann: Response to ASX Aware Query, page-141

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17/02/21

16:36

Post #: 51087055
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Originally posted by Ryzie ↑

Unsolicited means that it was unexpected. They weren't looking for it. If you have a look at this broker they look for opportunity. This was an impressive opportunity. Maybe the broker even contacted a few clients to gauge their interest before approaching the company with an offer. This would also explain why it was filled so quickly.

I don't think sophisticated investors are "haphazard" at all. Minimum requirement to be a sophisticated investor is $2.5m in assets and $250k income per year for the past two years. These people have money and they know how to make it. They get an offer like this and they're going to take it.

Clee Capital work this space pretty hard. They also know how to make money. Why wouldn't they approach the company with an offer like this when their net return will be pretty significant. If the rumours about broker fees being paid in options is true then they have done themselves a service as well because this company's share price is heading north in a big way. Even if it's not after the raise. They post record QoQ growth and the price isn't going to hang around under $1.

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Ryzie- you nailed it.. $1.00 options is giveaway where we heading

IOU Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $4.669M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$14	4.5K

Buyers (Bids)

No.	Vol.	Price($)
4	8919683	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	21117789	14

View Market Depth

No.	Vol.	Price($)
4	8919683	0.003
33	33063636	0.002
17	46762300	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	21117789	14
0.005	10030627	21
0.006	5140703	9
0.007	5482506	7
0.008	3675000	3

Last trade - 12.28pm 15/10/2024 (20 minute delay)

OVT (ASX) Chart

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