that's the purpose, to discourage as much retail holders from taking up the offer at 3.5 cents as possible.
if you review the trade volume over the past 12 months.
only 12 million shares have ever traded under 3.2 cents, and only 31 million ever traded under 3.5 cents. Those shares cohort would have also been recycled over and over many times. Facts are most holders average would have been around 5 cent, so it is intriguing to see why they are selling at a loss. When the floor price is set at 3.5 cents
Bulk of retail holders, holding at around 6-8 cents average, thanks to PPT dump in late 2018.
This will likely put a lid on price rise for the next couple of months.. Unless, there’s a huge shares buy back or dividend announcement later in the year…Proceed from the sale of Aristo.. Then, ASM transferring 165 million shares to Somboon group, for 10 cents each. To complete the take over of Star Vegas.
