the other disadvantage for RAC listing the piggies is that the eventual holder maybe underwater and not convert them.
At an SP around these levels all the upside appears to be with the holder and not RAC.
If RAC issued the Piggies to raise funds for future R&D projects i.e. trials etc.
Then listing the Piggies is bad.
If RAC issued the Piggies to simply reward the SHs.
Then listing the Piggies is neutral.
I think the marketing and future announcements will sort out the additional shareholders, as already commented on by Race Oncology.
I am planning to convert my Piggies reasonably soon.
Cheers
the other disadvantage for RAC listing the piggies is that the...
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Last
$1.79 |
Change
-0.075(4.02%) |
Mkt cap ! $304.8M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.76 | $348.2K | 192.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5612 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 3567 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.78 |
Change
-0.075 ( 5.38 %) |
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| Open | High | Low | Volume | ||
| $1.81 | $1.86 | $1.76 | 27553 | ||
| Last updated 15.55pm 14/06/2024 ? | |||||
| RAC (ASX) Chart |