SPR 2.72% 94.5¢ spartan resources limited

Ann: Completion of Placement and Institutional Entitlement Offer, page-12

  1. 349 Posts.
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    When a stock re-opens after a discounted CR it is quite normal for some holders who have entitlements coming to them, to sell down some of their stock to lock in a quick arbitrage profit while still keeping the same share holding (after exercise of their rights) but at a lower average price. However with 94 buyers for 2.8 million at the moment outnumbering 41 sellers for 522,00 there is no indication that this effect is significant yet.
 
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