This is just weird. They received $2.4 million worth of subscriptions at 23c when the share price was 26-27c. How many do they think they will get at 23c when the share price is 21c ? Looks like they stuffed something up to me. Not sure why they didn’t just accept the original offers with no scale back. It’s common for a stocks share price to fall under a SPP price after it’s finished. Normally shareholders are stuck paying for shares above market price. I Have never seen a situation where they give you a chance to change your mind and get your money back. They can’t possibly expect to get any where near $2.4 million worth second time round. Very weird. GLTAHs
Ann: Results of SPP Offer and Compliance Update, page-10
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.06M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.0¢ | $15.86K | 67.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 83592 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 29166 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MTC (ASX) Chart |