So they lose $2000 by selling their 2M shares .001 lower than they bought them.
And then they still have to buy the options later when they exceed 6.2 or whatever the conversion price was.
Mmmmm....doesn't make sense to me, but then again I was never much good at maths.
ADO Charting and Technical Analysis, page-8323
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $51.83M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.1¢ | $7.817K | 372.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 192257 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 944185 | 6 |
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| Last trade - 15.43pm 20/06/2024 (20 minute delay) ? |
| ADO (ASX) Chart |