I think people selling at moment could be the group of shareholders recently participated placement (86.6 m share @1.9c)
and imo., in the $ term, they are not loss any money on the selling, as they have already received 1:1 Dec 2025 option, which is current trading at ~0.6 cent. in other words, if you can manage to sell at 1.5c, plus Dec 25 option you hold, you are still ahead (1.5c+0.6c=2.1c) and this could be their trading strategies, keep option, selling the head, thus in total: reduce the exposure with less $/funds involved in the shares.
For the current shareholders, if you prefer options than head, I think you can do the same, selling shares you have, and put more $ in the entitlement offer by applying more extra shortfall shares... in the $ term, you not losing any money. But by doing this, you will also have tax benefit on selling in a loss.
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Last
0.4¢ |
Change
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Mkt cap ! $4.261M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $4.067K | 1.016M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 5043748 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1639343 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 5043748 | 0.003 |
8 | 4500000 | 0.002 |
8 | 13000000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1639343 | 3 |
0.005 | 8673483 | 17 |
0.006 | 7141092 | 8 |
0.007 | 11739536 | 8 |
0.008 | 3472084 | 6 |
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