Nothing to see here.
It's just a result of the Dodgy Grifters Operatives paying their mates $1.6M to give themselves a $700k discount on a bunch of shares they didnt actually need to raise capital on, and which they bought with funds raised 2 days before the DEG trading halt, funds raised at a 20% discount to their own VWAP share price by the way - indeed they could have looked after their shareholders and raised 3 times as much for the same dilution if they'd held off for 2 months, which everybody knew at the time, but then they wouldnt have personally been $30M better off today, so cant have that.
The best bit for them was they didnt have to let anyone else except a few other mates join in. Only the law didnt allow them to give themselves the whole lot until they voted to let themselves have the rest. Which they did the other day. Which diluted Northwest, and anyone else not on their list of selected mates, below 5%.
Simples. Happens all the time. Perfectly legal and above board.
Nothing to see here.It's just a result of the Dodgy Grifters...
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Last
$1.16 |
Change
-0.010(0.86%) |
Mkt cap ! $2.768B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.15 | $7.250M | 6.269M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 290781 | 14 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |