Interesting that in regards to the 200,000,000 proposed in Resolution 3. to be approved by shareholders at the forthcoming meeting. So really this calculation ought to ' imply ' that the weighted average price traded in the 5 days was in fact .003125 cents.So it would appear to me that the ' Smart ' money was that which had read the Meeting Announcement , and then got themselves positioned at the exact same price these fortunate few ended up getting their shares for......So what's half a Pip amongst friends ....and one has to wonder why they then went straight for the Capital Raise .....though a Manager when the Meeting Resolutions ' Painted ' a completely different picture with ANY potential raise happening down the track and at the Director's discretion.The only reason I can think of is that they felt the SP was nearing the point when it was going to ' Bolt ' out of the gates .....so they needed to act quickly in establishing the price at the most Favorable for the Fortunate Few Soph's.in my opinion it certainly brings a whole new meaning to the acronym F.F.S ....(c)the issue price of the Shares will be not less than 80% of the volumeweighted average price for Shares calculated over the 5 days on whichsales in the Shares are recorded before the day on which the issue ismade or, if there is a prospectus, over the last 5 days on which sales in thesecurities were recorded before the date the prospectus is signed. TheCompany will not receive any other consideration for the issue of theShares;
- Forums
- ASX - By Stock
- SBR - Capital Raise
Interesting that in regards to the 200,000,000 proposed in...
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBR (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.715M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 153846 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 129108 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 153846 | 0.013 |
2 | 589599 | 0.012 |
3 | 418726 | 0.011 |
3 | 240999 | 0.010 |
2 | 495000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 129108 | 2 |
0.015 | 404929 | 2 |
0.018 | 187001 | 1 |
0.020 | 78442 | 3 |
0.021 | 57008 | 1 |
Last trade - 16.12pm 11/09/2024 (20 minute delay) ? |
Featured News
SBR (ASX) Chart |
Day chart unavailable