I'm thinking SAT was ready to go but someone saw an opportunity to purchase a large amount of FBR.
If SAT fails, there's a good chance FBR will run out of money so they probably thought it prudent to accept even though a post-SAT cap raise would be less dilutive (assuming it passed).
Given insider trading laws I very much doubt the SAT has occurred. It would have been postponed until the capital is secure.
Ann: Trading Halt, page-134
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $178.5M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.7¢ | $186.5K | 4.861M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 7399229 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 178324 | 6 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |