Your assumption is that the Board treats all shareholders fairly, but that is rarely the case with small caps. A CR done as a placement to mates and the broker's network at low 2's makes absolute sense to them. Then make the announcement and let them flip for 50% profit. That's how it works at this end of the market.
Your assumption is that the Board treats all shareholders...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.444M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $200 | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 161348831 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 21861995 | 9 |
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| Last trade - 10.31am 13/08/2024 (20 minute delay) ? |
| OAR (ASX) Chart |