IMO the selling is from 1c option holders that were part of the recapitalisation done in Dec 2016.
From ann 28/12/16, pro-forma was;
a) 278,346,629 - shares
b) 147,929,792 - 1c options expiring 30/12/18
As at 3B ann 23/6/17 there are now 92,746,364 of these options remaining.
That's 55m new shares issued at 1c over the 6 months and (highly likely) sold into the depth, and still happening on low volume days/weeks like last week was. No issue, especially seen as depth support at ~3-3.4c to absorb these.
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IMO the selling is from 1c option holders that were part of the...
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1.1¢ |
Change
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Mkt cap ! $26.70M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $4.231K | 355.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 7571021 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 681262 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 7571021 | 0.011 |
21 | 13802795 | 0.010 |
10 | 5676330 | 0.009 |
5 | 4520074 | 0.008 |
3 | 660560 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 681262 | 2 |
0.013 | 1135230 | 3 |
0.014 | 3150000 | 6 |
0.015 | 500000 | 1 |
0.016 | 2205633 | 8 |
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