Because most of the current holders are likely to be;
LT holders almost wiped out
Small time retail gamblers with small positions
Fantasy Island type mind set
Take Up likely to be low and issuance of prospectus is a significant cost. You are better off just buying from the market and save yourself a better discounted price.
Ann: A$8m Capital Raising Heavily Oversubscribed, page-4
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Last
$3.14 |
Change
-0.050(1.57%) |
Mkt cap ! $560.8M | |||
| Open | High | Low | Value | Volume |
| $3.21 | $3.23 | $3.05 | $1.909M | 606.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6892 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BMN (ASX) Chart |