Everyone sells for different reasons.
The sad part is, if the shareholders don't take up their rights, then the board will have to pay fees to the lead manager to place the shortfall.
If the shortfall is not placed, then the directors holding goes up as a percentage of the company
Ann: Appointment of Lead Manager to Non-Renounceable Rights Issue, page-4
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0.9¢ |
Change
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Mkt cap ! $12.38M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $33.33K | 3.936M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 5822499 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 6771325 | 3 |
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