Yes.... If only the shareholders with +10,000 shares or more participated, that's still 665 people who only get a $1,500 allocation each.
If only half these people participated , that's 332 people who would only get a $3,000 allocation each.
Let's halve that again saying only 165 people participated, that's still only a $6,000 allocation each.
You would be crazy to sell $30,000 worth of stock today at 27c to then only get back $6,000 worth in the SPP.
The SPP is actually super positive as it gives them another +6 months to get the best sale price possible with little dilution.
Ann: Security Purchase Plan to Advance Continued Development, page-27
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Last
24.5¢ |
Change
0.020(8.89%) |
Mkt cap ! $48.00M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 22.5¢ | $21.16K | 87.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12765 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 87140 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MTC (ASX) Chart |