Looks like they found investors to stump up 6 million pretty easy ? No you are wrong there.
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Most high worth investors generally sell prior to CR. They act on their advisor feedback.
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Take this way. Those investors who sold POS around 5 cents or higher, bought back shares via CR at 3.5 cents are sitting on 40% profit.
That is how High Worth Investor works.
Ann: Proposed issue of securities - POS, page-15
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $16.71M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $3.993K | 859.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 64320256 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6658037 | 19 |
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| Last trade - 15.49pm 26/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |