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.
I'm thinking SAT was ready to go but someone saw an opportunity...
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $214.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28867 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 503546 | 1 |
View Market Depth
| Last trade - 16.16pm 01/08/2024 (20 minute delay) ? |
| FBR (ASX) Chart |
Day chart unavailable