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1.0¢ alexium international group limited

Ann: $12m Institutional Placement and Announcement of $3m SPP, page-77

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melastcracker

2,080 Posts.

11/12/17

17:26

Post #: 29544245
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Originally posted by oldtimer2 ↑

They’ve already stated that each shareholder, regardless of present holding, will be allowed to buy up to $15000 worth at 35c through the SPP. Now small shareholders who haven’t got $15000 to spare were probably selling $15000 worth at 37c (subject to must continue to hold at least 1) today knowing they can buy $15000 back at 35c free of commission in the SPP. That will provide an opportunity for bigger investors to pick these arbitrage shares up at 36c plus. There is a risk, if everyone does it, that the SPP could be scaled back even though the maximum to be raised is number of shareholders times $15000 whatever that is, providing that sufficient people take up less or none so the max is $3m.

At that point the stock should bounce nicely, The SPP will probably cap the gain for a few days fir the reason cited.

So I ended up both selling and buying today, for different entities, because of their different sizes and cash positions.

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Thanks OT, I do realise that but what I'm saying is that if it's so over subscribed then each retail investor will get fewer shares than $15k worth, but management want to be allowed heaps, why is my question?

AJX Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $15.62M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$210	21.01K

Buyers (Bids)

No.	Vol.	Price($)
11	6854423	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	56160	2

View Market Depth

No.	Vol.	Price($)
11	6854423	0.010
2	200099	0.009
3	372600	0.008
1	200000	0.007
1	1000000	0.006

Price($)	Vol.	No.
0.011	56160	2
0.012	523919	6
0.013	496009	6
0.014	363311	2
0.015	1001200	2

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