Yes.... If only the shareholders with +10,000 shares or more participated, that's still 665 people who only get a $1,500 allocation each.
If only half these people participated , that's 332 people who would only get a $3,000 allocation each.
Let's halve that again saying only 165 people participated, that's still only a $6,000 allocation each.
You would be crazy to sell $30,000 worth of stock today at 27c to then only get back $6,000 worth in the SPP.
The SPP is actually super positive as it gives them another +6 months to get the best sale price possible with little dilution.
Yes.... If only the shareholders with +10,000 shares or more...
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.43M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $20.21K | 111.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26668 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 154302 | 1 |
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| Last trade - 15.08pm 30/08/2024 (20 minute delay) ? |
| MTC (ASX) Chart |