Problem with that logic is that many long term holders have shares they bought at $3 or $4. They watched the company dilute and dilute again as their capital disappeared. Their reward? Nothing, because a speculator with $2000 of shares could apply for $30k.
I think you are talking about short term holders who caught a falling knife.
Ann: Syrah Share Purchase Plan Closes Heavily Oversubscribed, page-47
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Last
32.3¢ |
Change
-0.003(0.77%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.3¢ | $210.4K | 646.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 527693 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 212774 | 24 |
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| Last trade - 10.36am 15/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |