Judging by trading over the last two days, it is pretty obvious that shareholders who participated in the RI are already selling to lock in their profits i.e. they are currently selling the shares that they already held, knowing full well that tomorrow they will receive the same amount of shares that they are currently selling under their RI entitlement.
If anyone is unsure what I mean, please ask.
Cheers!
ps. I have just got the Hoover out.
2022 CHART THREAD, page-54
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.201M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $7.05K | 7.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1649612 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 75724789 | 54 |
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| Last trade - 10.04am 04/10/2024 (20 minute delay) ? |
| CNJ (ASX) Chart |