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
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.81M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $3.474K | 884.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 96597061 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 51477989 | 56 |
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| POS (ASX) Chart |