The low price of the share issuance is in the interest of multiple parties, see doubling of one shareholder's portfolio during last year in the annual report. This portfolio increase followed the reports of Customcells and Polaris.
CPS is the other. Board members also have a vested interest in stocking up at a very attractive price, underwriting the issue, especially since buying on market is not allowed when news are anticipated, only way to get their hands onto more shares, apart from milestone clauses and performance shares down the track, which are also locked in.
Management would have more information at hand from both collaborators not shared with market and falling under confidentiality agreements.
In general, several parties seem to have turned out to be profiting from the low price during the 1.9 cent stagnation.
This is common place and can often be seen in trading patterns for a period preceding a commercial breakthrough .
Long term shareholders are given the opportunity to participate in this issue fairly, so there is really no issue for those
who believe we are on the cusp of success for this company.
All IMO
- Forums
- ASX - By Stock
- Another battery breakthrough
The low price of the share issuance is in the interest of...
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADO (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $81.26M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $28.19K | 781.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 190000 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 399079 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 190000 | 0.036 |
4 | 221063 | 0.035 |
3 | 335358 | 0.034 |
3 | 227318 | 0.033 |
2 | 428717 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 399079 | 1 |
0.038 | 399543 | 2 |
0.039 | 371087 | 2 |
0.040 | 900705 | 11 |
0.041 | 1384766 | 8 |
Last trade - 15.59pm 29/03/2024 (20 minute delay) ? |
|
|||||
Last
3.6¢ |
  |
Change
-0.001 ( 2.70 %) |
|||
Open | High | Low | Volume | ||
3.6¢ | 3.6¢ | 3.6¢ | 156513 | ||
Last updated 14.38pm 29/03/2024 ? |
Featured News
ADO (ASX) Chart |