It also makes sense for them to have more shares to use when it comes to a vote on whether the raising at 0.017c goes ahead or not.
I know if I was sitting on a potential $10m profit, I'd spend $8m to buy 666m shares at 12c because i'd still be sitting on a $2m profit.
It would also prop up the share price and put a floor for any potential capital gains.
Big Trades Premarket, page-16
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31.0¢ |
Change
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Mkt cap ! $450.9M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.8¢ | $298.4K | 957.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 112453 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 422636 | 19 |
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