This action from a purely logical process just should not be allowed by ASX/ASIC.
It seriously derails a quite common entitlement process. The stock was solidly bid yesterday cum entitlement at $0.30.
This stock, from my calculations literally untradeable now ex-entlement until the restructure has occurred, because stock traded in this period will be massively adjusted. I believe the ASX is clueless on the mathematical mechanics of this, let alone retail investors.
This action from a purely logical process just should not be...
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Last
5.7¢ |
Change
-0.001(1.72%) |
Mkt cap ! $6.530M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.7¢ | $45.80K | 790.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 215191 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| OSX (ASX) Chart |