I wouldn't expect much (or any) selling before the SP is well above where it was pre-funding announcement. Just highlighting the affect a lower SP makes on the convertible note. If the SP were to recover to 6.3c, the difference for Bergen between converting A$4m on the day of the announcement vs. today is A$1.9m. Or basically, the difference between a share placement (at 10% discount) vs. this convertible note agreement.
I wouldn't expect much (or any) selling before the SP is well...
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Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $23.66K | 2.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 45 | 11676004 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.0¢ | 250114 | 2 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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| Last updated 15.31pm 08/05/2024 ? | |||||
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