Might explain the major shareholder selling down half their holding so they get a cheaper entry with this discounted CR. As usual retail screwed again and the greedy corporate world win again.
Not sure why they wouldn’t let the share price continue climbing up, we weren’t desperate for a raise. Plus we had a lot of catching up still to do to our peers. We almost hit 70c yesterday and now it’s likely to be a 55c raise or less. Which is basically just above the post consolidation price. Poor management again. Extra dilution is going to mean the expected share price appreciation is going to take even longer with more resistance on the uptrend.
I am shocked and all I can say is that I hope this substantial commencement goes our way in the next few months.
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Open | High | Low | Value | Volume |
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5 | 51957 | 0.285 |
3 | 73045 | 0.280 |
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Price($) | Vol. | No. |
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