We have had, in effect, three options campaigns to get through without any gap between them.
Nearly 4 months of constant pressure on the SP value.
This has put unprecedented pressure on the share price, particularly hardest hit have been the long term and patient retail shareholders.
First it was Directors helping Delphi attain a top 5% holding by all agreeing to sell shares to Delphi at the fixed price of 30c.
This had an immediate impact on the SP and Delphi managed to average down to 28/29c in the aftermath.
Although not options, the campaign and result had a similar effect other than avoiding dilution to the share registry.
Immediately after that, we had the options issued to Australian Silica members as part of the Muchea purchase deal to contend with.
That was another 25 million Options at 10c, and this did have a big impact, remember the day we hit a low of 19.5c with turnover nearly 12 million shares. This is what triggered the ASX query.
Now we have the 18c options issued to all participants, sophs and retail included, as part of the last CR on a 1 for 2 basis.
1.8 million have been converted already, leaving about 20 million to go.
I have never experienced this before, three major share or options campaigns in rapid succession.
I just hope VRX have some good news lined up to help the rebound from the effect this has had.
News is well overdue as are some honest explanations, and I don't mean the routine sort we get in the quarterly updates.
Make good use of the upcoming AGM question time, failing that trigger an EGM.
Everyone is accountable.
- Forums
- ASX - By Stock
- VRX
- Daily price prediction thread
Daily price prediction thread, page-3520
-
- There are more pages in this discussion • 7,429 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.002(5.00%) |
Mkt cap ! $26.38M |
Open | High | Low | Value | Volume |
4.0¢ | 4.2¢ | 3.8¢ | $11.49K | 285.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4946 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 279199 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4946 | 0.039 |
1 | 73990 | 0.038 |
2 | 631342 | 0.037 |
2 | 73676 | 0.036 |
2 | 139534 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 279199 | 2 |
0.044 | 200000 | 1 |
0.045 | 17000 | 1 |
0.046 | 200000 | 1 |
0.047 | 21275 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
SBW
Shekel Brainweigh reports a 50% revenue increase in its Retail Innovation suite and delivers the first batch of 20 Smart Bays to Hitachi as part of a larger order
VRX (ASX) Chart |