Absolutely legal & the board chose to continue with the transaction knowing full well they would dump on market. But honestly, that was their only option at the time as they needed quick cash.
And again, similar will happen with any further raises of capital.
Ann: Response to ASX Price Query, page-12
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.845M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $137.3K | 34.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 19861607 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7660404 | 11 |
View Market Depth
| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| AAU (ASX) Chart |