Given the SP has only just hit the 2's after languishing for a while well below that - a reasonable issue price? Besides, if he only wants actual cash out of $500K, and then rest in shares, then I suppose that's confidence?
I know its more complex than this, given his holding in SRN already, and you wouldn't want to destabilise your own assets....
Ann: Payment Commitment to Mutual Holdings Pty Ltd, page-7
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Last
0.7¢ |
Change
-0.001(7.14%) |
Mkt cap ! $12.91M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $21.14K | 3.522M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1750333 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 10549006 | 21 |
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| SRN (ASX) Chart |