if it trades at say 15 cents, I could sell my holdings on market and pay 11.8 cents and convert. Risk free, Instant profit.
play that out across 800m options… it’s a sizeable barrier to overcome.
with the right news, it can definitely blast through it… something like clinical data showing a dose dependent clinical benefit may do it.
which mind you, may only be 6 months away when they do their next read out.
if it trades at say 15 cents, I could sell my holdings on market...
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Last
8.2¢ |
Change
-0.003(3.53%) |
Mkt cap ! $600.2M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.6¢ | 8.2¢ | $1.246M | 14.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 446526 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 535664 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
-0.003 ( 2.38 %) |
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| Open | High | Low | Volume | ||
| 8.6¢ | 8.6¢ | 8.2¢ | 4518456 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| IMU (ASX) Chart |