Steep? hardly.
Look at it from the BNL management point of view - they weighed 5.7 cents of real money presumably as good as in the bank today against whatever they think might work well for a future SPP (at best maybe 6.0 ?) and then subtract the time delay, cost and general discontent generated by a SPP (they're almost never popular - even when over-subscribed people manage to bitch about having to fork out $ in advance they don't get because of scale-back).
Icing on the cake is this CR doesn't even need insuring since it was obviously a done deal, ready-to-go on grant of permit as suggested by baku earlier in Post #: 57135303
To mix a few metaphors - in a nutshell, a no-brainer bird in hand ...
One of my chooks looking nervous tonight.
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BNL
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0.5¢

Ann: Trading Halt, page-39
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $13.47M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $45.15K | 9.007M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 514861 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 3604481 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 514861 | 0.005 |
28 | 23151160 | 0.004 |
9 | 15476669 | 0.003 |
6 | 20032500 | 0.002 |
5 | 29805000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 3604481 | 9 |
0.007 | 6906658 | 15 |
0.008 | 12112729 | 27 |
0.009 | 4080033 | 12 |
0.010 | 3618005 | 6 |
Last trade - 15.25pm 27/06/2025 (20 minute delay) ? |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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