That's exactly what they did to WKT , share price halved setting the VWAP at 5 days prior the close , I'm afraid its not so much safety firs, good luck investors.
The New Shares will be issued at a 20% discount to the volume weighted average price traded on the ASX during the 5 days immediately prior to the issue date of the New Shares in accordance with ASX Listing Rules.
Ann: Volt Resources Launches Underwritten Share Purchase Plan, page-14
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $5.49K | 1.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 30298271 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5169200 | 6 |
View Market Depth
| Last trade - 15.13pm 28/06/2024 (20 minute delay) ? |
| VRC (ASX) Chart |