amazed
I agree, they dont necessarily have to cover as they can subscribe to convertible note (tranch 2) at any time.
I would think if they're smart they may decide to subscribe now whilst the share price is 1.5c. If the vwap over a 5 day period is around 1.5c they will end up making a profit since their average sell price is abit under 2c (I suspect).
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5022176 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 15303561 | 23 |
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| Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
| ECT (ASX) Chart |
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