They could have pitched at 6.30 - 6.50 but no, MacQ just slashed it to 6.00 so that their wealthy mates in institutions got cheap stock while retail holders get shafted by peeling a dollar off their share price. Too easy for them to pocket a quick 3.5 million in fees for basically doing nothing.
Wonder what happened to that law that stated no shareholder can be disadvantaged over another ?
Too many sleazy unfair deals occur nowadays without being pulled up. At the very least, existing retail holders should have got a SPP at the same price of $6
Ann: Successful $100m Institutional Placement, page-12
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Last
$1.06 |
Change
0.020(1.92%) |
Mkt cap ! $410.4M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.06 | $1.02 | $585.6K | 564.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 300 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 16987 | 10 |
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| Last trade - 10.54am 06/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |