Hi,
If the deal is so good, why can't the company release full document which details the good along with bad news. To protect itself, the company should have kept a floor price say 15 cents minimum per share.
Berger is there to make money for themselves and they are not known as long term holders. An another thing, they don't need to convert 1 million at once - they can convert a portion say $100k. These type of deals are good for highly liquid stocks otherwise the price can be depressed quite easily. Take a look at OIL Berger deal - the share price got so low that they paid a penalty to get out of the deal.
The deal will be good if the company can keep up the discovery rate and market interested to absorb the shares from Berger otherwise the share price will head south no matter what anyone says.
Could you please check with company
- is there a floor price say 15 cents below which the shares won't be issued
- what is the minimum amount which Berger needs to convert at any time
- are there any restrictions placed on converted shares eg must be escrowed for say 3 months etc.
If we know the answer to above 3 questions, we will be in better position to judge the deal.
- Forums
- ASX - By Stock
- SOC
- clarification from company secretary
SOC
soco corporation ltd
Add to My Watchlist
0.00%
!
6.2¢

clarification from company secretary, page-8
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.640M |
Open | High | Low | Value | Volume |
6.2¢ | 6.2¢ | 6.2¢ | $1.606K | 25.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54100 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 107572 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54100 | 0.062 |
1 | 164000 | 0.061 |
1 | 8650 | 0.058 |
1 | 24414 | 0.041 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 107572 | 1 |
0.066 | 118181 | 1 |
0.068 | 110294 | 1 |
0.070 | 8838 | 2 |
0.075 | 265000 | 1 |
Last trade - 10.33am 10/07/2025 (20 minute delay) ? |
Featured News
SOC (ASX) Chart |