You just have to understand the rationale of a buyer. Why would anyone buy in now at say 2.2c knowing that holders get to buy shares at 2c right now?
Holders can sell 20% of their holding today at 2.2c and use those funds to re-buy through the rights issue at 2c. That's risk-free arbitrage which shouldn't exist, hence the lack of buyers.
You just have to understand the rationale of a buyer. Why would...
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Last
61.5¢ |
Change
-0.018(2.77%) |
Mkt cap ! $67.82M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 64.5¢ | 61.5¢ | $56.40K | 89.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10016 | 61.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 4900 | 1 |
View Market Depth
| Last trade - 15.16pm 02/08/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |