Well, the reasoning for the low CR price is becoming clear - they (a) didn't want it to be undersubscribed, and (b) wanted to ensure that they could get insiders on board with the oppies. The extension to after the PFS announcement suggests generation of FOMO to ensure full take-up, thus a decent cash injection down the track on exercise of oppies.
This, of course, is just my cynical opinion. Of course, in reality, these are secondary considerations, as I would suggest nothing other than a primary desire to maintain an orderly and informed market.
It does look like the plan is coming together though.....
Well, the reasoning for the low CR price is becoming clear -...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.89M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $6.582K | 822.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 268606 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 11471229 | 8 |
View Market Depth
| Last trade - 14.11pm 28/06/2024 (20 minute delay) ? |
| SRN (ASX) Chart |