Agree.
A confusing series of arguments to down ramp the share price.
The stock went to two brokers who allocated mostly to instos and high net worth clients.
The existing shareholder participation allocation will not be enough to go around to everyone and is expected to be cut back.
Yes, the stock went down for a week due to the share placement which is normal and will last until the stock is soaked up by those who missed out (it was oversubscribed by over 2 times). Existing 'long term' loyal shareholders are the ones with shares below 20c and still happy and not the day traders who recently bought them above 40c and would you expect would be out by now possibly at a small capital loss.
This is just my personal opinion, but you make up your own mind before buying or selling.
Ann: Trading Halt, page-116
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Last
$1.38 |
Change
0.055(4.17%) |
Mkt cap ! $1.199B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.38 | $1.30 | $7.829M | 5.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 106317 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 203871 | 16 |
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| DRO (ASX) Chart |