The crucial bit that no one is discussing, hopefully because its obvious:
"Any Shortfall Securities would be offered at a price not less than the Offer Price as offered under the Entitlement Offer. The Board may, in its
absolute discretion, invite other new investors and/or existing ASM shareholders to apply for Shortfall Securities."
At least they are not being sold into an already crushed secondary market.
This was such a waste of a retail offer that just crushed the share price. Offtakes Rowena. Offtakes now. Enough of this crap. Starting to ressemble your predecessor with too much promise and not enough delivery - she has delivered of course, but not enough. This should have just been an insto/Gandel placement.
Personally picked up below the entitlement price on the secondary mkt. And lets not forget, $1.44 before this crappy raise announced.
Ann: Results of Entitlement Offer, page-19
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Last
55.5¢ |
Change
0.020(3.74%) |
Mkt cap ! $100.6M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 56.5¢ | 53.0¢ | $71.04K | 130.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11822 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 12104 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ASM (ASX) Chart |