Yes, that is normal. The directors are under great pressure from the underwriters to support the SP and therefore the CR to all possible extents.
I don't recall too many deep discount CRs that don't have a good news story, or two between announcement and subscriptions being closed off.
Standard operating procedure!
Yes, that is normal. The directors are under great pressure from...
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Mkt cap ! $16.66M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $4.47K | 886.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6296690 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 22890532 | 25 |
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| Last trade - 14.42pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 2050000 | ||
| Last updated 14.42pm 14/06/2024 ? | |||||
| OSL (ASX) Chart |