The CR was underway from 23 March onwards when the Corp Presentation was released minus the CR option deliberately. So when the good news of PAVO was released they sell into the strong buying from 43c downwards knowing they can buy back in via the CR. Easy money made at the behest of inocent buyers/investors.
This was the same process when they raised at 39c when the shares 2 days prior were 60c plus, dropped 20c in a day it was so obvious then and so obvious now. That's why we have a under performing SP.
It's insider trading pure and simple.
Ann: Fully Underwritten Institutional Placement, page-11
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.8¢ | $136.6K | 855.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 166365 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 184462 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |