Yes, you missed the details in the announcement; the shares where issued at the price of .032 so all the market has done is meet the price that the investors are prepared to pay for the stock.
I read the announcement this morning ad I looked at the market depth and there was only 5 trades gone throw, but I could have bought at .024 didn’t think it would trade this much.
Well missed the boat.
This reminds me of when WMT issued shares at .09 and the share was trading at .05, didn’t take long for the market to correct itself.
- Forums
- ASX - By Stock
- ASU
- 55pc up volume 37 x record for year. explain
55pc up volume 37 x record for year. explain, page-3
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online