possibly because they (or their clients who may even hold under custodian model ? which veils their identity by being 1 step removed from the Share Registry) have already been allocated a bucket load in the 90M shares issued 5th of May with 1 for 2 options, and they're taking cash off the table to hold just the options for free ?
Why would they do that ?, because most other "loyal holders" are being forced to hold through to Record Date of the 15th of May to get their less attractive 1 for 3 "almost free" options, so it presents a small window for that broker / clients to get their money off the table and onto the sidelines at cost of their recent participation in the Cap raise, and presto free carry 2 year options for particiapating in the Cap Raise.
It's another reason why such an attractive 1 for 2 free options was so wrong and against the interests of existing shareholders !
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possibly because they (or their clients who may even hold under...
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Mkt cap ! $5.845M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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27 | 35868145 | 0.002 |
16 | 29587950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 8182256 | 10 |
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0.007 | 2906213 | 3 |
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