Of course they'll do their thing. They were able to get your shares yesterday right? Remember if they'll be able to buy at 3.2c, that's placement price or even 3.3c as ex date is still next week so, 1:6 still would apply to these shares.Second all shares on the 1:6 rights issue is fully underwritten (97% without the 3% new shares yesterday), meaning if SP remains at these level, less SH will be exercising their rights fully, and whatever rights not exercised the underwriter gets those shares at 3c and they have also been given the options plus the 6%fee.
So technically selling at 3.3c and below helps the big boys get richer.So if one rides with the big boys. You'll be the one having bruises.
Not a financial advise and just my opinion
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1.7¢ |
Change
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Mkt cap ! $43.20M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1561158 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 0.016 |
5 | 1959838 | 0.015 |
4 | 4312857 | 0.014 |
6 | 1700000 | 0.013 |
2 | 1208333 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1256442 | 6 |
0.018 | 2133827 | 5 |
0.019 | 333001 | 3 |
0.020 | 3149500 | 6 |
0.021 | 60000 | 2 |
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