What's not to get. They're .not going to be bid up on the last day of trading.Because ....those peoples as has been said , or Investors are going to be more reserved in the obvious fact of NOT knowing what ' peoples ' will do with them one they resume trading.So as a result , the market is not prepared to pay up for this risk of them being dumped for a quick profit when the new shares commence trading on the 28th April .If anything , I will expect the BIG pump to come tomorrow or the day after on equally BIG volumes being traded in the heads , and ahead of those new shares coming on line.Of course if there were to be an extension of the offer at the ' Discretion ' of the broker , the trading and bidding up might be a whole different story. However , I'm not sure that will happen now at this late stage in the prospectus timetable.Again though , I would refer you all to the last similar rights issue back in late 2017 when the SP behaved much in the same manner , and it wasn't until 1 week after in early Nov 2017, and then 5 weeks after at the end of Nov when the SP really started to stack on momentum in the 100's of percentage point gains. Gonna have to wait unfortunately.
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Open | High | Low | Value | Volume |
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43 | 9006029 | 0.026 |
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5 | 5343478 | 0.023 |
Price($) | Vol. | No. |
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0.029 | 4152427 | 11 |
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