read the announcement on 6/10/2023. AP put 40 million shares as collateral for a loan (does not say how much he borrowed). He took loan for share purchases plus other things. If the collateral value (always a percentage of share value) falls below the agreed value then a margin call is issued by lender. The margin call can be fulfilled either by pledging more shares or by putting in cash (and that needs to be announced via a Asx release).
read the announcement on 6/10/2023. AP put 40 million shares as...
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2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $80.88M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $25.39K | 1.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 330000 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1575010 | 9 |
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| MAY (ASX) Chart |