"As it stands, ASX Listing Rules say a company can offer no more than one new share for every share an investor already owns, unless the deal is renounceable and investors are compensated for not taking up their rights."
"The Entitlement Offer is non-renounceable and entitlements will not be tradeable or otherwise transferrable."
Breach of rules, or they have a dispensation? If they do, perhaps they're keeping it to themselves, like the loan covenants?
Ann: Placement and Accelerated Non-Renounceable Issue, page-65
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $10.82K | 832.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2688085 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 7217741 | 13 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.3¢ | 33525 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| OEL (ASX) Chart |