It's still adding 2% of the register, at a big discount to close, and a huge discount to last raise when good news is supposedly imminent. Wouldn't have thought a convertible would be hard to pitch here, pay a decent but not outrageous coupon with the right to convert if the share price rises on approval.
Instead a sweetheart deal to the nearest and dearest. I would love to know who participated...
Ann: Placement to Sophisticated investors, page-10
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Last
48.0¢ |
Change
0.060(14.3%) |
Mkt cap ! $65.93M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 48.0¢ | 41.5¢ | $71.34K | 163.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 9999 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |