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1.59%

6.4¢ alcidion group limited

Ann: Share Purchase Plan Offer Documents, page-57

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SwingTrade

3,273 Posts.

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23/04/21

11:39

Post #: 52676007
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Originally posted by composer: ↑

Based on correspondence with the company, my understand is that the company has the discretion to accept over subscription in the SPP.

HOWEVER, the company does not currently have any intention of doing so.

From my perspective, possibly a few reasons why:

Alcidion has extremely high levels of ownership and they do not want to dilute themselves more than they possibly could
SPP is maybe a small token gesture in response to shareholders feedback on the last capital raise
Making people buy on market if they want to accumulate a position

Expand

Spot on with your second point. IMO it was only done to keep SH's from whinging.
ALC Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.4¢		Change 0.001(1.59%)		Mkt cap ! $85.91M

Open	High	Low	Value	Volume
6.3¢	6.5¢	6.3¢	$27.85K	440.0K

Buyers (Bids)

No.	Vol.	Price($)
5	862659	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	16666	1

View Market Depth

No.	Vol.	Price($)
5	868159	0.064
1	10000	0.062
2	149000	0.061
5	187516	0.060
2	145000	0.059

Price($)	Vol.	No.
0.066	31702	2
0.067	140000	1
0.068	277000	1
0.069	50000	1
0.070	160606	2

Last trade - 15.59pm 09/09/2024 (20 minute delay)

ALC (ASX) Chart