I'd be very surprised if shares haven't already been drawn down from the 15 million shares given to ATM as 'security'.
I imagine their agreement involves a limit on the rate at which GLN can issue stock to ATM, perhaps $1 million a week. This would allow ATM to sell off their stock piece-by-piece. The last thing ATM would want is to get the entire amount in one big batch at 10% discount to the recent stock price. i.e. it would be very hard to sell out at a profit, which is their business model.
I actually hope the process has already started; otherwise, the declines in share price we've seen can only be explained by other stockholders who are selling in anticipation of ATM getting stock from GLN.
- Forums
- ASX - By Stock
- General Discussion Banter GLN
I'd be very surprised if shares haven't already been drawn down...
-
- There are more pages in this discussion • 224 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 GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
30.0¢ |
Change
0.015(5.26%) |
Mkt cap ! $123.9M |
Open | High | Low | Value | Volume |
29.0¢ | 30.5¢ | 29.0¢ | $383.9K | 1.287M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9997 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 64682 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9997 | 0.300 |
5 | 190751 | 0.295 |
7 | 252761 | 0.290 |
8 | 260443 | 0.285 |
15 | 690120 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 64682 | 2 |
0.310 | 211000 | 3 |
0.315 | 40000 | 2 |
0.320 | 45000 | 2 |
0.325 | 41893 | 2 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
Last
30.0¢ |
  |
Change
0.015 ( 4.64 %) |
|||
Open | High | Low | Volume | ||
29.5¢ | 30.5¢ | 29.5¢ | 332478 | ||
Last updated 15.59pm 14/05/2024 ? |
Featured News
GLN (ASX) Chart |