The deal was done to favour Canaccord a bit. But it allows a lot of their clients to get a decent amount of stock now as there is stuff all available hence why it's so thinly traded and susceptible to decent price moves down on low volume. Very hard to accumulate.
I would have liked the cap raising to be done at a higher price but it will add liquidity, gets canaccord set and resolves any funding issues.
Cannacord Update, page-18
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $49.86M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $81.52K | 725.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82046 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1704847 | 8 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| KYP (ASX) Chart |