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I'd like to see a buy side sub holder notice. T20 is already...

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3,161 Posts.

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22/10/19

19:08

Post #: 41015024
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Originally posted by 13th: ↑

It’s not often I feel the need to come to the defense of Regal, however it’s worth noting that they had been a longer term holder, well before the rather larger placement that took place at 36c many moons ago. They also topped up in that placement to go substantial and were one of a handful of investors that were prepared to cut a cheque to the company last December when the company was well and truely up the creek without a paddle.

If you look at the annual report from last year they held 18mil shares and if we assume they had an average price of ~25c for 20mil shares + 80mil that were issued via the convertible note at 1c, it would of given them a average price if 5.6c. So no quick win for Regal here, just a long and painful position like many of the longer term holders they have finally chooses to exit and be done with (apart from the free options).

Fortunately for existing shareholders there was good demand on the buy side to absorb the liquidation at not too much of a discount t and its before (hopefully) more substantial news is delivered.

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I'd like to see a buy side sub holder notice. T20 is already thin. Regal has always been a pain.

MEB Price at posting: 1.1¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 1.9¢		Change 0.004(26.7%)		Mkt cap ! $8.683M

Open	High	Low	Value	Volume
1.8¢	2.4¢	1.8¢	$425.0K	20.96M

Buyers (Bids)

No.	Vol.	Price($)
2	111849	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	157329	2

View Market Depth

No.	Vol.	Price($)
2	111849	0.018
7	1606116	0.017
8	1613687	0.016
8	1027373	0.015
2	850000	0.014

Price($)	Vol.	No.
0.019	157329	2
0.020	285263	2
0.021	670526	4
0.022	805263	4
0.023	359266	3

Last trade - 15.58pm 07/11/2024 (20 minute delay)

TRI (ASX) Chart