The performance rights were voted on by shareholders, and not issued "on the spot" by the board as you stated. Yes, they were vested, meaning the rights were converted to shares - it doesn't mean they were immediately sold for $11.95 a share as you implied. AFAIK none of the directors have sold any of those shares, so they may have had a paper value of $2.3 million at the time. They now have a paper value of closer to $400k.
Why do I get the impression you're trying to talk the price down? There are hundreds of companies on the ASX that I am NOT going to invest in but I don't feel any urge to post misleading pseudo research on HC as to my reasons for not investing.
I don't care whether you invest or not. I have my own convictions and short term share price fluctuations based on no news are irrelevant.
The performance rights were voted on by shareholders, and not...
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Last
71.0¢ |
Change
-0.020(2.74%) |
Mkt cap ! $347.1M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 73.5¢ | 70.5¢ | $901.2K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 4 | 12553 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 71.5¢ | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
70.5¢ |
Change
-0.020 ( 2.77 %) |
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| Open | High | Low | Volume | ||
| 72.5¢ | 72.5¢ | 70.5¢ | 395596 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| NVX (ASX) Chart |