Very likely the majority of selling today and the past few days has been the arbitrage profit from exercising the options at 7c then selling into the market. Given the daily volumes these past few days this selling should wash through over the course of this week or maybe into next week. Not all folk will be selling and will hold on to their newly issued shares. Rebound in share price will follow once the placement holders run out of ammo.
Ann: Lapsing of Options and Underwriting of Shortfall Shares, page-5
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $6.113M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.2¢ | $32.02K | 2.484M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1386608 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 753388 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| NIS (ASX) Chart |