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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I think just sophs banking the free money. Like the example I...
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.19M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.8¢ | $19.80K | 1.100M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3334000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 925681 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1038662 | 0.018 |
6 | 3334000 | 0.017 |
14 | 4131596 | 0.016 |
12 | 2210245 | 0.015 |
4 | 1122094 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 3252724 | 4 |
0.020 | 546158 | 6 |
0.021 | 1222157 | 5 |
0.022 | 752190 | 5 |
0.023 | 824149 | 5 |
Last trade - 14.23pm 12/07/2024 (20 minute delay) ? |
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ECS (ASX) Chart |