Although the SPP was advertised with the allowance for the company to oversubscribe at their discretion, I wonder how many participants would have partaken in the SPP purchasing at 0.30 knowing the stock would be diluted by $29.4 million. Does pose an ethical question of management to allow the oversubscription to such an event.
On another note, hopefully this means no more SPP for a considerable period of time or potentially ever.
Hopefully DRO can use the $50 million in their coffers to grow the company into the juggernaut we want!
Ann: Outstanding Shareholder Support for Share Purchase Plan, page-27
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Last
$2.34 |
Change
0.160(7.34%) |
Mkt cap ! $1.784B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.35 | $2.15 | $48.00M | 21.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3150 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 25989 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |