I have a trading question (Game theory question)
Let's take an oil trading company with 1000 shares. The shares are being sold at $6.
The management decide to issue another 1000 shares at $0.6 on a 1:1 basis
The price of the original shares are now being sold at $0.6 on the market.
A share holder has 100 shares and is being asked to buy another 100. The share holder has $60 in spare cash burning a hole in his pocket.
Is it better for the share holder to buy the extra shares or buy the same amount on the market ?
That is, its it economically better for that share holder to soak up the weak hands with his $60 and there be fewer shares than give the management the $60 and claim new shares?
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Trading question (Game theory question)
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $47.95M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $72.25K | 6.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 9366232 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4532067 | 7 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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