disagree on two fronts
a) non renounceable means cash will need be stumped up by existing holders. For any shortfall existing holders will be able to exercise over-allotment privileges and take that stock.
b) for there to be any stock to 'dump' there underwriter must get hit first. non renounceability minimizes the risk of that as a first point, second being the project being value accretive, and third the rasining being priced fairly
they are not concerned about the guy with 5k shares who doesnt want to sell a few CBA to fund this... and nor should they be
More thoughts, page-8
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$1.80 |
Change
-0.005(0.28%) |
Mkt cap ! $1.438B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.77 | $8.348M | 4.675M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27134 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 13999 | 1 |
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| KAR (ASX) Chart |