'So, it was fully allocated without going to the underwriters. Is this correct?'
Almost - there was no formal underwriting. The two instos agreed to take $5m between them for a 6.25% fee. Effectively underwritten in all but name.
So unless they are truly long term holders there are 325m shares overhanging the market.
Ann: Entitlement Offer Results and Shortfall Notification, page-4
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Last
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Mkt cap ! $16.66M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $4.47K | 886.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6296690 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 22890532 | 25 |
View Market Depth
| Last trade - 14.42pm 14/06/2024 (20 minute delay) ? |
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Last
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Change
0.000 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 2050000 | ||
| Last updated 14.42pm 14/06/2024 ? | |||||
| OSL (ASX) Chart |