Since it has yet to be passed by shareholders, wouldn't it be better for everyone if the 7 for 1 offer with accompanying options not go ahead?
Since it is unlikely anyone in their right mind would pass up on the offer, isn't it nothing more than a dilution exercise bringing in funding that they don't seem to need right now. All things being equal, we will just end up with the same $ value for our total shareholding after the offer and execution of the options, with not much extra funding to the company, but with the added expense of the cost of processing the offer/options.
I know it has a psychological effect, but other than that it leaves the company marginally worse off because of its costs than would otherwise be the case.
Replace it with an offer closer to the present market price.
Since it has yet to be passed by shareholders, wouldn't it be...
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Last
$2.27 |
Change
-0.010(0.44%) |
Mkt cap ! $550.8M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.30 | $2.22 | $960.5K | 424.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 270 | 1 |
View Market Depth
| Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
$2.28 |
Change
-0.010 ( 0.71 %) |
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| Open | High | Low | Volume | ||
| $2.26 | $2.29 | $2.22 | 117541 | ||
| Last updated 15.59pm 25/04/2024 ? | |||||
| DVP (ASX) Chart |