That's a fair call. I'm not sure that any shortfall will be massive though. 50 participants at 30k is all that's needed...and you'd think a good chunk of the larger holders and directors will participate. Even if they did place at 0.04, what is the benefit to a retail holder of holding off participating? You'd assume the placement participant would want to flip at a profit, so the likelihood of getting a meaningful chunk below 0.05 is fairly low...and then you've got transaction costs.
That's a fair call. I'm not sure that any shortfall will be...
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $301 | 100.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7966665 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 9273848 | 12 |
View Market Depth
| Last trade - 10.04am 23/08/2024 (20 minute delay) ? |
| MEL (ASX) Chart |