It was a deeply discounted rights issue. It reset the price down but gave all existing shareholders the opportunity to reset their position. The benefit to the company was 1) to raise $ (duh!) ; 2)to not substantially increase the number of shareholders in the face of more shares on issue; to encourage some stickiness in the register with more-invested shareholders less inclined to fill the market in.
It was a deeply discounted rights issue. It reset the price down...
Add EMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.169M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200349 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 45558 | 2 |
View Market Depth
| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| EMU (ASX) Chart |
Day chart unavailable