That’s not true at all.
They can only issue those shares for 3 months from the time of approval.
Really, it’s a win they are over hanging. Gives the company a timeline of 3 months to get the share price up so that someone would actually want to take part.
Get past three months and they need to get shareholder approval to re-issue
Craig Hart hotline, page-98
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Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.1¢ | 2.9¢ | $185.9K | 6.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 250000 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 1080919 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
3.0¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.9¢ | 3.1¢ | 2.8¢ | 2714194 | ||
| Last updated 15.12pm 14/06/2024 ? | |||||
| M4M (ASX) Chart |