$2,519 worth of shares to drop the share price 19%.I believe that from capital raise last year Canaccord ended up with 43 million shares via the shortfall agreement: from underwriting the capital raise. I assume they will look to unload these shares around 2c. This will put a cap on the share price for now. I will be very interested in the next substantial holdings listing to see how many shares Canaccord now hold. From memory the 20th holding was just under $4million shares.
" Shortfall Shares:
43,015,269
The Offer was fully underwritten by Canaccord Genuity (Australia) Limited who also acted as lead manager to the Offer. As such, the Shortfall Shares will be placed to the underwriters/sub-underwriters under the terms of the Underwriting Agreement."
Looking forward to the results of the Monash IVF trials and further international sales.
$2,519 worth of shares to drop the share price 19%. " Shortfall...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $12.31M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $3.348K | 404.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1285222 | 5 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
0.9¢ |
Change
0.001 ( 28.6 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.9¢ | 0.8¢ | 802611 | ||
| Last updated 12.24pm 03/05/2024 ? | |||||
| MEM (ASX) Chart |