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5.0¢ altech batteries ltd

While they do reserve the right to change the offer, it doesn't...

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Fabzonomist

133 Posts.

27

11/07/18

09:43

Post #: 34268271
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Originally posted by Dmasonic ↑

Fabzonomist,
it won't work like that. ATC will wait until the offer closes and then there will be a scale back of some description.
And don't get too excited - this is just a small offerring to keep ordinary shareholders semi-happy. Pre-offer, ATC had about 425m shares, and another $3m at 16.5 cents will mean another 18m shares. That works out at a rough ratio of 25:1. If all shareholders participate and the scaleback is applied uniformly, then you'll get 1 share for every 25 you already hold.

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While they do reserve the right to change the offer, it doesn't seem to be that they will do a scale-back as I've previously been involved in. From the offer "Applications will be accepted on a ‘first in, first accepted’ basis and will not be able to be withdrawn once made. "

ATC Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.002(4.17%)		Mkt cap ! $85.52M

Open	High	Low	Value	Volume
4.8¢	5.0¢	4.7¢	$40.82K	857.3K

Buyers (Bids)

No.	Vol.	Price($)
2	254726	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	271362	5

View Market Depth

No.	Vol.	Price($)
2	254726	0.048
5	579734	0.047
6	942068	0.046
8	174254	0.045
2	94700	0.043

Price($)	Vol.	No.
0.050	271362	5
0.051	296078	1
0.052	496217	4
0.053	34540	1
0.054	130769	2

Last trade - 15.37pm 10/07/2024 (20 minute delay)

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