I think I know that one! I'll give it a shot:
Once all the new shares are in the market, as they were issued for a DIRT CHEAP capital rise, the shares are going to be sold down if market price is above $0.01.
As there's more shares (diluted company), and few buyers, as seen in the volume (management destroyed shareholders' faith in this company... well, at least mine), this is going to push share price further down.
Until it's so cheap that people who lost 80% or more (which will be practically everyone who bough shares at some point), can't even stomach selling anymore.
Luckily, my holding is tiny. But this CR is a sh*t show.
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OSL
oncosil medical ltd
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5.69%
!
$1.16

Ann: Non-renounceable Rights Issue Offer Prospectus, page-93
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Last
$1.16 |
Change
-0.070(5.69%) |
Mkt cap ! $16.49M |
Open | High | Low | Value | Volume |
$1.25 | $1.25 | $1.11 | $72.36K | 60.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9286 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.18 | 412 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9286 | 1.160 |
1 | 7500 | 1.080 |
2 | 19761 | 1.050 |
1 | 2500 | 1.030 |
1 | 550 | 1.020 |
Price($) | Vol. | No. |
---|---|---|
1.180 | 412 | 1 |
1.200 | 8677 | 1 |
1.245 | 2418 | 1 |
1.250 | 46027 | 1 |
1.300 | 1500 | 1 |
Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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