One could've sold after the ex date for the entitlement offer and sell when they receive their entitlements. I can agree and say some may accumulate and not sell but you can't speak on behalf of all people and say nobody would sell their entitlement shares. Based on a 2c per share price, that's 150% profit per share.
There are approx 250m shares being issued for this offer and you're joking if nobody will sell for profit.
Especially since the convertible note is being redeemed into shares and some or all of those shares will be probably sold to move on to the next investment.
Time will tell...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $18.49K | 2.311M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 4996323 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2511425 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 4996323 | 0.008 |
30 | 9717150 | 0.007 |
14 | 5833558 | 0.006 |
8 | 4210000 | 0.005 |
6 | 4100000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2511425 | 13 |
0.010 | 3987642 | 22 |
0.011 | 6456784 | 20 |
0.012 | 5415576 | 9 |
0.013 | 1850000 | 4 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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AUZ (ASX) Chart |