I think just sophs banking the free money. Like the example I gave earlier in this thread, Imagine you have 5 million shares in ECS. You apply for another 5 million (or whatever amount ) through the capital raise at 2.2 cents. You then come on market now and sell your original 5 million at anything above 2.2. In this instance you have just locked in a 4.55% profit for free and still hold the same number of shares.
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If you look today at the price action, basically 10 million went through at 2.3 and 2.4, if it is indeed sophs that participated in the raise, thats locking in 4.55% and 9.1% respectively whilst still maintaining their position.
LoL well if your at front I hope you just get done , and then we bounce, Im worried we will see even lower, based on the price action after every other capital raise ECS has done.
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.90M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $17.48K | 1.029M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87588 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 2226280 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 87588 | 0.017 |
18 | 4620766 | 0.016 |
12 | 2750245 | 0.015 |
10 | 1750141 | 0.014 |
4 | 678461 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 2226280 | 5 |
0.019 | 380890 | 6 |
0.020 | 643243 | 4 |
0.021 | 620000 | 2 |
0.022 | 393100 | 4 |
Last trade - 14.47pm 26/06/2024 (20 minute delay) ? |
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ECS (ASX) Chart |