There are two reasons I can think of for using a broker in a cr:
1) The broker(s) will assign an analyst to cover the stock. Vital to get AIS's name out there, especially with new money, be it small instos and retail.
2) Not using a broker may be interpreted as "desperate" by the market, thereby pressuring the sp down.
The above isn't always the case, but it is far more common than not using a broker.
$50M may be a too tough sell for the CEO's rolodex to surmount, and may ignite point 2 (above). This could spiral the sp down for a while.
OV
Still stinks!, page-40
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $174.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50006 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 9387 | 1 |
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| Last trade - 09.25am 21/08/2024 (20 minute delay) ? |
| AIS (ASX) Chart |
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