Rights offers take care of existing shareholders better than a placement - at least shareholders get to participate in the dilution to maintain their % of the company before opening up to outsiders.
The way this offer is structured suggests the management is very confident of their shareholders/supporters to take up their entitlement. There is a negligible discount (-3.5% vs typical -15%) and the advisor to the offer is underwriting it. Maybe something is coming up.
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- Ann: Letter to Shareholders - Entitlement Issue
Ann: Letter to Shareholders - Entitlement Issue, page-4
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Last
2.1¢ |
Change
-0.004(16.0%) |
Mkt cap ! $9.576M |
Open | High | Low | Value | Volume |
2.1¢ | 2.4¢ | 2.1¢ | $17.92K | 816.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 345562 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.020 |
2 | 55000 | 0.017 |
1 | 330000 | 0.015 |
1 | 100000 | 0.014 |
1 | 500000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 345562 | 1 |
0.025 | 200000 | 1 |
0.029 | 3457 | 1 |
0.030 | 208334 | 2 |
0.033 | 138818 | 2 |
Last trade - 14.26pm 25/07/2024 (20 minute delay) ? |
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