Non‐renounceable pro rata entitlement is my preference over other types of raisings.
Why is that? An SPP would have allowed we pleb shareholders to purchase up to $30k of shares. Pro rata is deliberately designed to limit the quantity of shares plebs can purchase, and making it non-renounceable further limits the number of shares going to plebs. To me this raise is clearly designed to transfer wealth from long-suffering shareholders to the instos.
The price looks good, but I think it was deliberately sold down from 30c by the instos, for the reasons mentioned above.
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Last
32.8¢ |
Change
-0.003(0.76%) |
Mkt cap ! $2.244B |
Open | High | Low | Value | Volume |
32.0¢ | 33.5¢ | 32.0¢ | $4.629M | 14.15M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 928345 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 329716 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 917993 | 0.325 |
55 | 1541817 | 0.320 |
22 | 930148 | 0.315 |
25 | 734290 | 0.310 |
12 | 598774 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 71547 | 14 |
0.335 | 1306287 | 39 |
0.340 | 1121247 | 27 |
0.345 | 1305397 | 21 |
0.350 | 1034783 | 30 |
Last trade - 14.56pm 18/09/2024 (20 minute delay) ? |
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