Yep thats what a lot of holders will probably be doing, its a free shot. get out now above 1, get your same holding back plus the options at a cheaper price. Holders realising this will lead the supply to go down to 1 cent, then you will also have double the amount of shares on issue after the shares are allocated creating a huge over hang to get through.
How some holders see this as a good thing is mindboggling.
Ann: Entitlement Offer to raise up to $9.9 million, page-118
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $3.293K | 720.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 23973265 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 9017803 | 9 |
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| Last trade - 13.28pm 27/06/2024 (20 minute delay) ? |
| OSL (ASX) Chart |