Nobody likes these sorts of moves; it rarely works to shareholders' advantage. Not to say that it can't produce a win, but it usually signals an acknowledgement of past failures and an attempt to clear the decks for a fresh start.
'The company is pleased to announce . . . . ' The last refuge of the charlatan, or a genuine attempt to improve things . . . . I'll give them the benefit of the doubt, Nick Selby, I think, has impressed us all to the point where most are happy to have him as our replacement MD/CEO and I think he is genuinely trying to improve the lot of shareholders after a decade of struggles and losses decimated the share price. i.4b shares at 3.2c isn't an attractive look, but if things are about to turn in our favour then ~288m shares @ 16c as a starting point, well, it's something for the sell side analysts to work with.
It's not the end of our world, could be a nice beginning, in fact; I think I can live with it, after everything else we've had to endure since HOTYH, but let's not go there again.
A new broom sweeps clean - let's see. It's a qualified yes from me.
B22.
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Last
8.8¢ |
Change
-0.002(2.22%) |
Mkt cap ! $25.44M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 8.7¢ | $13.22K | 149.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 32522 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.8¢ | 19999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 32522 | 0.087 |
1 | 250000 | 0.086 |
2 | 157000 | 0.085 |
2 | 52000 | 0.080 |
1 | 7048 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 19999 | 1 |
0.091 | 59934 | 1 |
0.096 | 10000 | 1 |
0.098 | 4320 | 1 |
0.099 | 26000 | 1 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
8.9¢ |
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Change
-0.002 ( 3.26 %) |
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Open | High | Low | Volume | ||
9.0¢ | 9.0¢ | 8.7¢ | 85659 | ||
Last updated 15.44pm 16/05/2024 ? |
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