Correct. The brokers have misjudged or other , the obvious demand
If it was oversubscribed then demand was there and therefore higher price was justified
From LSE on proposed raising, page-105
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $2.368K | 1.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 182 | 278799690 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 666533307 | 211 |
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| Last trade - 11.00am 16/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |