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
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.96M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.0¢ | $11.97K | 31.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2888 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| PPK (ASX) Chart |