I wonder if they apply this rule to Bell Potter too
In any instance, they need every cent they can get. I think they've just said that to scare people, as they need every cent and need to ensure the share price remains above $0.38..
I can't imagine that they go through applications, on a case by case basis, to see if they've sold. If I was denied on this grounds, would consider action to ASIC against them to ensure:
This being said, my prediction is that they won't trigger this, and will take every cent that they get, given that without a SC decision, next CR could be at $0.10 to $0.20
- They have applied the rule consistently and equitably. Importantly that Bell Potter were also not allowed to sell to fund their SPP
- The rules applied were documented (I.e. what time period, what value).
CR in Nov 23 $0.70
CR in July 24 $0.38
Next CR... do the math
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $158.6M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 36.0¢ | $75.30K | 205.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 37391 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 23127 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 37391 | 0.365 |
21 | 203177 | 0.360 |
7 | 54760 | 0.355 |
13 | 81751 | 0.350 |
4 | 36900 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 23127 | 8 |
0.380 | 78962 | 6 |
0.385 | 49970 | 3 |
0.390 | 33535 | 4 |
0.395 | 121466 | 5 |
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