If he thinks the shares are garbage, yes it's 50% cut. He says he is sharing the burden. He also gets the shares cheaper than the market price (I think it was 10% cheaper).
Ann: Proposed issue of securities - MKG, page-71
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $8.784M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $6.013K | 668.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2571780 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 419200 | 2 |
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| Last trade - 13.54pm 14/08/2024 (20 minute delay) ? |
| MKG (ASX) Chart |