Further to this point and @marco33 feedback re: MW not selling his oppies...
It would appear MW entities took up 22+m shares, +/-1% of total voting rights, as we have not seen a change in sub notice. As there was a 1:1 oppie, MW entities have 22m oppies.
The last CR resulted in a 20% dilution, See here:
https://www.asx.com.au/asxpdf/20180418/pdf/43t90s5kjn5nh1.pdf
Merchant on the otherhand did not participate in the last CR. See their last sub holder notice here:
https://www.asx.com.au/asxpdf/20180723/pdf/43wq503mkt7wzm.pdf
A few interesting tidbits in this last announcement:
1. The long delay in releasing this notice; as per RG 5.298, this notice is due within 2 business days. Why the 3 month delay from the CR when Merchant were clearly diluted beyond +/-1%? Very sloppy.
2. Merchant are clearly trading the stock. Down 2,5m in trading.
Many here are wondering where all the volume has come from to cap the SP. Imo, I would say it is the big holders here. Now ask yourselves why? I have my own theory which I have mentioned before.
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Further to this point and @marco33 feedback re: MW not selling...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.27M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $39.29K | 3.215M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 11032319 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 21863590 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 11032319 | 0.012 |
45 | 39951789 | 0.011 |
20 | 10041919 | 0.010 |
11 | 5890014 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 21863590 | 29 |
0.014 | 25952378 | 20 |
0.015 | 9413434 | 19 |
0.016 | 2172527 | 10 |
0.017 | 11826445 | 8 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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