They have underwritten $2.5M, so just the extra $1.7M they’re wanting appears at risk.
I would expect some holders would be willing to dump upto 16% of their holdings before the ex entitlement date and upto 20% of their holding after that date and still be able to regain their initial holding (albeit diluted) as well as free attached options and potentially pocket the difference to 0.03.
This process would be attractive for some shareholders to support the company as then in the long term it may help their overall holding value.
Ann: Proposed issue of securities - BIT, page-58
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Last
5.6¢ |
Change
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Mkt cap ! $53.23M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.0¢ | 5.6¢ | $11.52K | 204.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 420774 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 31841 | 2 |
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| Last trade - 13.59pm 15/05/2024 (20 minute delay) ? |
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5.6¢ |
Change
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| Open | High | Low | Volume | ||
| 5.9¢ | 6.0¢ | 5.6¢ | 133857 | ||
| Last updated 12.10pm 15/05/2024 ? | |||||
| BIT (ASX) Chart |