While I don't believe manipulation is excessive in this case, as a fully underwritten offer I think some try to drive price down to scare Retail investors off!
I will be taking my full entitlement up, and if I/someone wanted to get in, you can't say you didn't have an opportunity at/near the offer price.
GLTAH
Ann: Despatch of Retail Entitlement Offer Booklet, page-2
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$5.02 |
Change
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Mkt cap ! $2.046B | |||
| Open | High | Low | Value | Volume |
| $5.04 | $5.05 | $4.96 | $3.186M | 634.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3588 | $5.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.07 | 4666 | 3 |
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| INA (ASX) Chart |