OSX 1.67% 5.9¢ osteopore limited

Lots of non-holders commentating and very few holders. The last...

  1. 7,513 Posts.
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    Lots of non-holders commentating and very few holders. The last traded price is not reflective of the issue of a ridiculous 10 for 1 dilution, and its price of course dependent on take up, but 30 cents vs the 2.9 cents rights price is a mighty tempted mark-up for share that should, being ex-entitlement, be theoretically trading at a par to the extra 10 for 1 existing.

    Perhaps not quite the doom and gloom the commentators posting on here - the company management appalling undeniably - given the Vietnamese and Singapore approvals. Personally I will be reinjecting the money I made selling at okay levels cum-entitlement and also on the final days trading 500-900% rally in the rights entitlement.

    To give you a clue if the new shares trade half the closing price (presuming the fools managing get the reporting done), they are worth fivefold their cost - not without considerable risk to all invested capital going to zero of course. What bedlam this end of the market. Strong arguments for stronger listing rules and serious amendments/floors in entitlement discounts in Australian Securities law.
    Last edited by bedger: 02/04/24
 
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Last
5.9¢
Change
-0.001(1.67%)
Mkt cap ! $6.759M
Open High Low Value Volume
6.0¢ 6.0¢ 5.9¢ $16.25K 275.6K

Buyers (Bids)

No. Vol. Price($)
2 75000 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 335779 1
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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