Because it maximises the dilution thereby transferring more wealth from existing holders to those that get allocated shares in the next CR.
You know the ones.... wording like ....Please to advise shares allocated to select existing investors Institutional and sophisticated......
ARVMining, page-108
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $24.69M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $32.67K | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7346627 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 608317 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.5¢ | 1.4¢ | 410244 | ||
| Last updated 15.00pm 05/06/2024 ? | |||||
| ARV (ASX) Chart |