PXX 8.14% 9.3¢ polarx limited

Management would want to raise at the highest price possible....

  1. 3,327 Posts.
    lightbulb Created with Sketch. 114
    Management would want to raise at the highest price possible.

    The sophs would want the lowest price possible to get more shares.

    Previous CRs has gone to the same investors (US & UK).

    The suggestion that a partner (for example S32) is interested in a 10% placement might hold true. The placement not the party.

    If it was to go to the existing sophs they have shares which they can sell to push the price down.

    The interested party may not hence we’ve seen the VWAP rising.

    I too hope we push back to the previous CR levels (10c+).

    There may be some retail overhang as those who bought 10c+ might get out to break even.

    If those holders don’t dump, then we might see a squeeze into the teens if there’s lots to like from the announcement.
watchlist Created with Sketch. Add PXX (ASX) to my watchlist
(20min delay)
Mkt cap ! $35.79M
Open High Low Value Volume
9.0¢ 10.0¢ 9.0¢ $93.27K 1.006M

Buyers (Bids)

No. Vol. Price($)
1 307 9.2¢

Sellers (Offers)

Price($) Vol. No.
9.3¢ 71062 2
View Market Depth
Last trade - 12.17pm 22/10/2019 (20 minute delay) ?
0.007 ( 6.98 %)
Open High Low Volume
9.2¢ 9.4¢ 9.0¢ 130557
Last updated 12.17pm 22/10/2019 (live) ?
PXX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.