Unfortunately this practice is very common among penny stocks. The big boys always get bigger share for half the price, and the retail investors always get stomped. I am actually surprised the dilution is only 10%, not 15% -- the maximum they can do without voting. It seems at hindsight to me that POD isn't good enough for them to be too greedy in dipping in. But at least, I should cherish the fact that POD is in their shopping list.
Ann: Proposed issue of securities - POD, page-4
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Last
3.6¢ |
Change
0.002(5.88%) |
Mkt cap ! $16.37M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.4¢ | $1.386K | 39.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 91500 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 10839 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
0.002 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.6¢ | 228 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| POD (ASX) Chart |