Further to the above this was the proportion of shares held as at the last Quarterly. The top group of 209 holders currently hold 64% of the shares on issue. The top two groups (1,399 or 15.2% of RACE's 9,198 shareholders) hold almost 90% of shares on issue.
I think that with Dr C converting 3M options and with other people in this group continuing accumulating I think that by the end of the year we will have 65% of the stock controlled by 209 shareholders. This ratio will be very important when RACE start receiving offers (many of these people are long-term holders and they understand the fundamentals of what RACE is doing and the potential value of the drug).
Speculative M&A Transaction Analysis, page-645
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Last
$1.58 |
Change
0.055(3.62%) |
Mkt cap ! $268.4M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.56 | $106.0K | 67.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 649 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 3000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |