Well I must say I'm a little disappointed at how this Rights Issue has panned out. The way I have interpreted the announcement is that there was an apparent shortfall of retail investors taking up rights. However I for one applied/paid for additional shares, and I assume many others have also. So could it be that there was no actual "shortfall" but a decision to give the cheaper shares to insto friends and hence causing this avoidable sell off.
Anyways I know this will flush through quickly and I am bullish and long Sayona but if I have interpreted correctly I'm giving this raise a D minus.
Regards
Stu
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.5¢ | 3.3¢ | $1.368M | 40.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 13154629 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 636953 | 2 |
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