Dont know. Another 1% of issue 'traded' today and still no subs holder sellers.
The cap raising was a complete disaster - cannot even make it back to the prior 60c cap raising. What were IOF management thinking issuing discounted shares to the very same institutions responsible for the market cap destruction in the first place. I trust they were rewarded for their largesse.
Compare with MOF which has higher gearing and lower tenancy.
What a joke.
The ideal of a stock crash caused my panicked retail investors is a myth. The reality is the very pillars of the institutional investment community were responsible for the crash.
IOF Price at posting:
53.0¢ Sentiment: None Disclosure: Held