Took a small break this week, but this is just an observation. Does anyone find it odd that the company allowed the issue of shares, after exercising, on Friday afternoon when they were originally planned to be released after the quarter. And now a Trading Halt on Monday morning? The stock could have easily and probably would have plummeted after a sell off since approximately 200 million shares were coming and wanting to essentially 'take profits'.
Had they not halted, they probably would have lost a lot of momentum had even good news flowed in afterwards.
I just find it interesting, but not concerned, am freeholding options at the moment. What does everyone else think about this?
Took a small break this week, but this is just an observation....
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0.7¢ |
Change
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Mkt cap ! $13.90M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $98 | 14.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 12005283 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 12785047 | 18 |
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| Last trade - 10.51am 04/10/2024 (20 minute delay) ? |
| SRN (ASX) Chart |