So from what I can tell shortly before this announcement last Friday BPP was sold down from 2.4 cents to 2 cents in millions of shares. Which I guess is against ASX/ASIC practices as the announcement was price sensitive, upon reading the underlined section below (from the announcement) it does not take a rocket scientist to work out who the seller was. What a great result for the shareholders by BPP management and the Underwriters......
Babylon Pump & Power Limited (Babylon or Company) (ASX: BPP) announces the closure of its SharePurchase Plan (SPP) to raise a minimum of $500,000, on 14 April 2021. Babylon advises that theCompany received applications under the SPP for 10,000,000 shares at an issue price of $0.025 pershare, raising $250,000. The SPP was underwritten by Canaccord Genuity (Australia) Pty Ltd (theUnderwriter) to the amount of $500,000. Accordingly, the Underwriter will subscribe for the remaining10,000,000 Shares under the shortfall (Shortfall Shares).
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Ann: Share Purchase Plan Closure and Shortfall Notification
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $3.5K | 700K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 6104827 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 18216107 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 6104827 | 0.005 |
16 | 11062878 | 0.004 |
5 | 7240009 | 0.003 |
4 | 13945024 | 0.002 |
4 | 2900999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 18216107 | 6 |
0.007 | 600000 | 2 |
0.008 | 6349634 | 4 |
0.009 | 62500 | 1 |
0.011 | 81666 | 1 |
Last trade - 12.12pm 26/09/2024 (20 minute delay) ? |
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