I thought that to start with then looked at the numbers. It did not make a lot of sense to me anyway to be buying for entitlement.
A 1 / 6 rights issue means you are only entitled to take up 16.6% [ of what ever you buy on market ] at the cheaper price of $0.055. Even after taking into account the free option for every 4 shares that are subscribed for.
Buying large volumes on market to just obtain the entitlement and in the process pushing up the price to do so seems a rather stupid way of securing stock to me.
patersons not dumping....yet, page-24
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $17.25M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $2.871K | 339.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 691118 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1223466 | 4 |
View Market Depth
| Last trade - 15.49pm 09/08/2024 (20 minute delay) ? |
| ARV (ASX) Chart |