The critical point that everyone seems to be missing is the shortfall. If Charles takes up the shortfall, his % ownership will actually increase as a result of the raise. Not something he can do easily on market...
The lower share price means that he is able to do it putting up a lower $ amount.
Let us see the results of the shortfall...
Ann: Application for quotation of securities - VMT, page-34
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $58.54M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 14.0¢ | $15.71K | 107.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34999 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 7473 | 3 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
15.5¢ |
Change
-0.010 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| 15.0¢ | 15.5¢ | 15.0¢ | 15717 | ||
| Last updated 14.33pm 03/06/2024 ? | |||||
| VMT (ASX) Chart |