Many small cap companies will wait for some big announcement and a price rise before doing a dilution. The timing of this is in line with that strategy.
once they have their money, there is no extra incentive to pump the price.
The price normally settles at price they offer the stolen shares at.
Ann: Trading Halt, page-22
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Last
4.3¢ |
Change
-0.002(4.44%) |
Mkt cap ! $18.62M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 4.2¢ | $32.77K | 753.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198362 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 133738 | 2 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
-0.002 ( 4.44 %) |
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| Open | High | Low | Volume | ||
| 4.4¢ | 4.4¢ | 4.2¢ | 225812 | ||
| Last updated 15.54pm 05/06/2024 ? | |||||
| 5GG (ASX) Chart |