I have been contemplating a similar scenario ozgod32, however my theory is the almost the polar opposite.
Perhaps TG's "mates" took massive hits pre consolidation and there is an element of guilt and responsibility to those who backed TG from the beginning.
Just speculating here. I have not researched old TOP 20 holders to see whether they followed TG into LTR and/or Chalice.
There is also the disctinct possibility of a market meltdown before DEV actually needs the cash in which case a CR now is prudent.
Ann: Trading Halt, page-39
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Last
19.5¢ |
Change
0.025(14.7%) |
Mkt cap ! $86.03M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 19.5¢ | 17.0¢ | $86.85K | 470.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 45210 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| DEV (ASX) Chart |