Yeah, he could have done that. But buying on market would not have saved the company. KPO needed $$. So this was the only logical way to do it and in the end (1) he got his shares (2) provided some much needed capital and most importantly (3) demonstrated confidence in the company's future.
Ann: Fully Underwritten Rights Issue, page-9
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $9.945M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $18.65K | 5.966M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11238638 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 6661447 | 11 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KPO (ASX) Chart |