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
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $182.0M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.8¢ | $33.11K | 849.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 995760 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 140000 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FBR (ASX) Chart |