At the current OA price, whoever converted could have sold the 35 million for $560 k.
However, he chose to convert to shares, at 0.9c. At the current SP of 2.2c, if he then sells the shares he would realise only $455k.
So in fact, whoever converted these OA's chose the lesser profit, in fact, some $105k less.
WOW - that's confidence.
More Oppies Converted, page-13
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $78 | 38.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5278737 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 15249389 | 23 |
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| Last trade - 10.02am 15/11/2024 (20 minute delay) ? |
| ECT (ASX) Chart |