I really don't know what to make of it. Normally I would think ok the underwriters are suppressing the price until after the CR so there is minimal retail participation & they'll get the whole lot at 10c & make a big profit if and when a T/O is announced.
Also those who are attempting the T/O don't really care as the lower the SP the more likely retail holders will accept a lower price.
However it's an interesting game if they are genuine about a T/O, if they started buying on market those that are suppressing the SP (IMO) would lose out because they would be selling their (owned or borrowed shares) cheap.
In short it's a total mind F I haven't got a clue what's going on because none of it makes any sense.
One thing I'm not doing is selling but I may well buy more at 10c but not until the last possible moment
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $71.66M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $56.56K | 550.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 1457771 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 491305 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 1457771 | 0.100 |
9 | 255010 | 0.099 |
15 | 1165921 | 0.098 |
5 | 384396 | 0.097 |
10 | 446834 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 491305 | 7 |
0.110 | 1052696 | 22 |
0.115 | 707907 | 19 |
0.120 | 86204 | 9 |
0.125 | 118774 | 4 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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