The other possibility is that as a large number of shareholders simply won't bother either because they've lost interest and/or the amount involved is trifling. There is no underwriter as such but a fee will be paid in certain circumstances. Suppose someone with an astute perspective scoops up the forfeited options and builds a handy stake ahead of whatever is on the cards for next year without pushing the price up in the process. (not really a conspiracy theory but could easily be worked up)
Ann: Disclosure Document - Loyalty Options , page-4
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Last
0.4¢ |
Change
-0.002(33.3%) |
Mkt cap ! $4.069M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.4¢ | $8.135K | 2.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1050245 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 875000 | 1 |
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| Last trade - 12.43pm 23/08/2024 (20 minute delay) ? |
| NTM (ASX) Chart |