while i agree that there is definitely disadvantage for retail with institutions playing games, i dont think the vast majority of people knew how much cash opt would consume to get to where they are today. even if they raised at higher prices, how much would a share price of 1.40, 2 or 3 years ago, be if opt came out announcing a raise for ~600m? the dilution would be insane.
furthermore the sp has just come down from a big run, which i suspect was mostly driven by regal perhaps in anticipation of this raise so in a sense they did shareholders a favour by pumping the sp up.
i bought in again today at .347 for my first parcel, only about 13k though as i'll average in again with two more parcels under the assumption that the next round of funding will be through partnerships and/or commercial agreements.
like someone said the prize has been cut in half but whats half of potentially billions? ~430m mc at .35 with over 300m in cash to get this pup to readout, "expected" anyways.
something tells me this action is mostly to dissuade retail entitlement holders to not participate so that the underwriters buy a bigger shortfall. best listen to the price instead of speculating though so i will happily trade this down.
gltah and dyor
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Last
56.5¢ |
Change
0.010(1.80%) |
Mkt cap ! $689.4M |
Open | High | Low | Value | Volume |
55.0¢ | 56.5¢ | 55.0¢ | $1.098M | 1.964M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 30289 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
56.5¢ | 36492 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 13582 | 0.560 |
12 | 50375 | 0.555 |
8 | 235872 | 0.550 |
7 | 29272 | 0.545 |
7 | 68555 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.565 | 37382 | 29 |
0.570 | 42389 | 7 |
0.575 | 52825 | 7 |
0.580 | 41781 | 6 |
0.585 | 130343 | 3 |
Last trade - 15.58pm 23/08/2024 (20 minute delay) ? |
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