Your 4 posts suggest you are new to investing.
Here's an opportunity to learn what happens when a stock does a CR with an attached SPP.
What's currently happening is we have investors doing/pondering a number of things:
- Sitting at 12.0c in the hope they may get stock cheaper than the 12.5c SPP
- Putting large sums into the SPP in the hope that when/if they are scaled they will still get enough
- Waiting for 28th to pay their SPP - as they are rarely closed early and it can pay to wait and see what happens to the share price
- Mopping up everything at 12.5c as thats the price the sophies paid and you may not get your fill at the SPP due to scaling
- Selling what was held at record date above the 12.5c in the hope you will get it back at 12.5c in the SPP and pocket a few pips
- Doing nothing as they are set and awaiting the SPP to be completed
What the company is currently doing:
- Nothing - because they have the placement done, the SPP will undoubtedly fill, and there is no point giving the market anything at the present time
- Pondering how much of the (probably) oversubscribed SPP they should accept (of course they already know how much has been subscribed so far).
This is FAR from a dead stock. This is a very active stock - just snoozing until the SPP is completed.
SPP shares are issued 5th July - so look for the stock to be well and truly active after that date.
Finally - do not listen to a word that has been posted on this stock by a prolific poster over the last few weeks who has nfi![]()
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Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $19.77M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $25.35K | 1.195M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3341110 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 317132 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2841110 | 0.018 |
3 | 1145000 | 0.017 |
2 | 1200000 | 0.016 |
3 | 545000 | 0.015 |
2 | 441600 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 17132 | 1 |
0.023 | 100000 | 1 |
0.024 | 488400 | 2 |
0.025 | 320626 | 2 |
0.026 | 200000 | 1 |
Last trade - 15.48pm 30/08/2024 (20 minute delay) ? |
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