I'd say your working theory is correct. It's all to do with ASX settlement rules and timelines. Remember, the ASX operates on a T+2 settlement basis. Therefore, the ex date was 28 August, + 2 business days for settlement of POS FPO transactions up and until the ex-date, the entitlements can then be determined without any doubt at all and will be formally recorded against the shareholders account.
I'd say your working theory is correct. It's all to do with ASX...
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $16.81M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $29.40K | 7.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 117 | 92604118 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 30885425 | 47 |
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| Last trade - 12.27pm 14/10/2024 (20 minute delay) ? |
| POS (ASX) Chart |