POS 25.0% 0.5¢ poseidon nickel limited

Ann: Trading Halt, page-11

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  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    too late ladies, these cheap rights shares are going massively to insiders.

    So now we know there is a shortfall as expected and we know that BBM wanted 1.1B shares at 6.0c before and we know Forrest is the 100% underwriter. We also know that the BOD & Dennis have taken up ALL of their rights & even the chairman advised ASX he will be converting his performance rights into shares also
    (page 3 - Chairman, Chris Indermaur, has advised his intention to convert approximately 19.1 million Performance Rights into shares prior to the Record Date)

    zebster called for BBM/Forrest to end up with 50-60%, I called 60-75% and we will find out on Monday as the onmarket price dropped below the rights price and the nickle price dropped during this period.

    Forrest, BBM & Dennis will be rubbing their hands with glee. All those cheap shares the retailers ignored is now all theirs. This massive insider buying is a dog whistle which I can hear loud and clear.

    POS share register just got a lot lot tighter and its balance sheet got a lot lot stronger.
    I wonder why?

    POS is BOSS.
 
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Last
0.5¢
Change
0.001(25.0%)
Mkt cap ! $18.91M
Open High Low Value Volume
0.4¢ 0.5¢ 0.4¢ $4.293K 998.8K

Buyers (Bids)

No. Vol. Price($)
71 65626705 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 3747935 14
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Last trade - 13.58pm 18/11/2024 (20 minute delay) ?
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