In this instance all they are doing with the 'capper' is just maintaining a weighted average over the certain duration to their advantage. They then can say "Equity was raised at a +20% premium to the weighted average of the monthly trading activity".
Despite the fact that the said average was achieved by suppressing the SP with the capper orders that didn't allow the SP to raise outside of the pre-negotiated channel. It costs next to nothing for a share like EMH that has no retail volume.
Not Gunna Be Enough Lithium, page-2184
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $33.19M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $9.548K | 59.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 23066 | 2 |
View Market Depth
| Last trade - 15.51pm 02/10/2024 (20 minute delay) ? |
| EMH (ASX) Chart |