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2.1¢ anteotech ltd

I have never seen a company do that before (restricting holders...

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kensho

651 Posts.

05/05/21

15:53

Post #: 52959680
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Originally posted by goggo: ↑

Interesting to see how ALC dealt with a massive oversubscription to their SPP today. Over 1,900 applications totalling approx $30 m, well, well in excess of the company’s target of $2.5 m..
The Board increased the offer to $3.0 m and scaled back SPP applications.by
. Most apps receiving a min basic entitlement of 3,125SPP ( worth $1,000 at issue price)
.any remaining SPP to be allocated on a pro rata basis based on the size of the applicant’s holding at record date.

However, (here’s the clincher),applicants who sold shares between the record date aGoggond the SPP closing date are to receive ZERO allocation.

If ADO have a similar massive oversubscription the ALC template might be attractive to the ADO Board.

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I have never seen a company do that before (restricting holders who sell between record date and SPP closing date)
Great idea.

ADO Price at posting: 33.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.1¢		Change -0.001(4.55%)		Mkt cap ! $52.98M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$58.66K	2.676M

Buyers (Bids)

No.	Vol.	Price($)
21	4693251	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	277460	5

View Market Depth

No.	Vol.	Price($)
21	4693251	0.021
17	2755796	0.020
3	1009000	0.019
4	1051000	0.018
3	1094748	0.017

Price($)	Vol.	No.
0.022	277460	5
0.023	1263958	4
0.024	1291151	6
0.025	3141730	13
0.026	1840496	4

Last trade - 12.06pm 21/05/2024 (20 minute delay)


Last 2.1¢			Change -0.001 ( 4.55 %)
Open	High		Low	Volume
2.1¢	2.2¢		2.1¢	268627
Last updated 12.32pm 21/05/2024 ?

ADO (ASX) Chart