Trying to get my head around something... think my brain had stopped working.....
OK, re the $15k SPP offer. If one is sitting on a considerable paper loss so far with PEN and worried that the price will drop from current 80c to lower than 50c (if I take up the offer) why wouldn't you sell $15k at current price now, take up the $15k offer thereby potentially getting more shares than before and then holding. Only downside I can see is that you might not get $15k worth.....
My thinking has gotta be flawed...
Thoughts?
Trying to get my head around something... think my brain had...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $343.9K | 3.411M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 82 | 9087780 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3667814 | 22 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |