The smartmoney would rather underwrite at 2c rather than buy at market.
For example, assuming you want to buy 25M ESI shares. You are better off underwriting and paying $500K @2c instead of buying at market today and pushing the share price to 10c+.
Its that simple!!!
1.4 cents today, page-2
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.469K | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 19513067 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11596834 | 27 |
View Market Depth
| Last trade - 15.57pm 21/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |