Investors want to be holders on 20th Dec to get the rights issue so they buy in the run up. The buying makes the SP rise. The higher SP makes the rights issue more attractive so investors want to buy and this pushes up the SP etc etc . blue sky!
Ann: Oversubscribed Capital Raising, page-83
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.12M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.9¢ | $2.339K | 23.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30257 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 5581 | 1 |
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| Last trade - 15.14pm 09/08/2024 (20 minute delay) ? |
| WKT (ASX) Chart |