Wonder if there's an escape clause in the SPP that enables SIs to bail if the sp is a certain % below 3.2cents?
Noticed short positions jumped again on the same day as the Cap Raise was announced on 26/7. Someone expected the sp to fall.
If ADO have something valuable to sell, and by all accounts they do, now would be a perfect time for a takeover offer with the sp at a yearly low and a cap raise that might struggle to gain universal support.
Ann: AnteoTech $6.0m Capital Raising, page-75
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 (20min delay)
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $51.83M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $16.09K | 770.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3814417 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 433979 | 4 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| ADO (ASX) Chart |