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
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $7.559M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $159.7K | 2.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8582 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 14200 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
-0.001 ( 1.43 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 7.0¢ | 6.9¢ | 206338 | ||
| Last updated 15.48pm 24/05/2024 ? | |||||
| OSX (ASX) Chart |