Those taking up the placement have most likely not lost any money even with the price sliding down today. I am sure the broker/instos would have been very aware of the price parameters for the placement and could have easily shorted 56.9m PDN shares in the days leading up to the placement. What the share price is now doing is of no relevance to them as they have already closed their position IMO and have no interest in the company.
The system is rotten, not the company. Should the substantial sellers before the placement be investigated to see if they were aware of the placement before yesterday? Of course. Is it practical for ASIC to lay charges? Probably not. Should you as a "mushroom" shareholder still complain to ASIC? Probably for peace of mind if nothing else.
Those taking up the placement have most likely not lost any...
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Last
$11.78 |
Change
-0.270(2.24%) |
Mkt cap ! $3.521B | |||
| Open | High | Low | Value | Volume |
| $12.12 | $12.15 | $11.61 | $30.42M | 2.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12279 | $11.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.79 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |