Have you seen the price.
Placement at 2.3 Cents PLUS a free option 2 for 1 at 5 cents... under Black Scholes that option is worth 1 cent!
That means the investors have gotten the shares for 1.8 cents!!! i.e. for every share there is half a cent of option value given.
Great Deal for insiders!!!!
why is there not an SPP to reward ALL shareholders not just a sweat heart deal for the insiders!!!
Good we have the cash!!
Lets see what the burn is like in the 4C...
Ann: Successful Completion of Placement, page-8
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.097M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 5383724 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4454609 | 7 |
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| Last trade - 16.12pm 17/05/2024 (20 minute delay) ? |
| SIS (ASX) Chart |
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