Hey Fellini - during the recent SPP there were approximately 175million shares purchased by participants.
So I would think there will need to be some significant churn of those - probably 120-140 million. Sounds like a lot but we have had almost 20 million churned through so far this week.
With regard the options there were 350 million received free by spp participants. Fiori have plenty to dump but beyond that I think investors will be much keener to dump the shares and keep the options so not as much churn.
breakout, page-9
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Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $47.57K | 23.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 41411532 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 5157809 | 7 |
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| Last trade - 15.49pm 06/11/2024 (20 minute delay) ? |
| ECT (ASX) Chart |