It makes a lot of sense that the share price has been driven down to this level. I am assuming (maybe someone can correct me) that if he receives the shares at a discount, he would be required to include the discount as income in his tax return. The "proposed issue of securities" announcement of 1,136,011 for $500,000 puts the price at 44 cps, which at current prices would be a loss and therefore no discount to include.
$50 Party, page-837
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Last
39.0¢ |
Change
0.030(8.33%) |
Mkt cap ! $34.64M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 39.5¢ | 34.5¢ | $54.09K | 146.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23211 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38150 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PPK (ASX) Chart |