Not scary, just leveraged.
Good to use in combination with holding heads, at the moment as some one else mentioned they are trading at a discount.
So essentially you could purchase, convert and profit as long as the price holds at time of issue.
SUMO, page-87
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Last
25.0¢ |
Change
-0.035(12.3%) |
Mkt cap ! $15.55M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 22.5¢ | $770.3K | 3.034M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34149 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 35000 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| SUM (ASX) Chart |