Your 4 posts suggest you are new to investing.
Here's an opportunity to learn what happens when a stock does a CR with an attached SPP.
What's currently happening is we have investors doing/pondering a number of things:
- Sitting at 12.0c in the hope they may get stock cheaper than the 12.5c SPP
- Putting large sums into the SPP in the hope that when/if they are scaled they will still get enough
- Waiting for 28th to pay their SPP - as they are rarely closed early and it can pay to wait and see what happens to the share price
- Mopping up everything at 12.5c as thats the price the sophies paid and you may not get your fill at the SPP due to scaling
- Selling what was held at record date above the 12.5c in the hope you will get it back at 12.5c in the SPP and pocket a few pips
- Doing nothing as they are set and awaiting the SPP to be completed
What the company is currently doing:
- Nothing - because they have the placement done, the SPP will undoubtedly fill, and there is no point giving the market anything at the present time
- Pondering how much of the (probably) oversubscribed SPP they should accept (of course they already know how much has been subscribed so far).
This is FAR from a dead stock. This is a very active stock - just snoozing until the SPP is completed.
SPP shares are issued 5th July - so look for the stock to be well and truly active after that date.
Finally - do not listen to a word that has been posted on this stock by a prolific poster over the last few weeks who has nfi![]()
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.38M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $894 | 55.86K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 833045 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 232179 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 833045 | 0.015 |
1 | 71428 | 0.014 |
1 | 500000 | 0.010 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 232179 | 2 |
0.017 | 120000 | 1 |
0.018 | 135407 | 2 |
0.020 | 126896 | 2 |
0.021 | 59345 | 1 |
Last trade - 12.22pm 05/07/2024 (20 minute delay) ? |
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