I would speculate that there are a lot of committed, sophisticated shareholders on the register that would want say at least 10 cents per share to sell to an acquirer. In 6 to 12 months that value may be redundant.
News: OSL Oncosil Medical Seeks Trading Halt, page-47
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $52.97M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $61.03K | 4.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 3846380 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| OSL (ASX) Chart |