Before the ipo @ 20c, there were seed investors, promoters etc. who got their shares for free or much cheaper than you and I. The ASX restricted them from selling their shares for a period of 24 months. They now can freely trade them, almost $5M of them. This is likely to have a negative impact on the share price. Hope this makes sense.
- Forums
- ASX - By Stock
- CP1
- Ann: Appendix 3B
Ann: Appendix 3B, page-4
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)