That's a hell of a lot of shares in Insto hands.
PIH, Ryder and Tenmile could hold 40% after the underwriting.
I'd suggest at the first sign of long-term growth of LDX retail could be potentially in a world of pain.
We'd be lucky if the SOA was 7c - 8c if they decide to act sooner rather than later.
If they wait a year, we'd be in a better position - maybe 15c - 20c
This is deeply concerning to me, as there is no way at all to get a blocking vote if that list is correct IMHO.
Lets hope PIH are going to do what they say on their website - support and grow Heath-Tech companies, not take them over.
That's a hell of a lot of shares in Insto hands.PIH, Ryder and...
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Last
3.8¢ |
Change
-0.001(1.32%) |
Mkt cap ! $21.39M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $27.82K | 746.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 862153 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 523734 | 5 |
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| Last trade - 11.24am 27/09/2024 (20 minute delay) ? |
| LDX (ASX) Chart |