Might make sense if news in the next day or 2.. prevents the entire shareholder list thinking they can get some free money by selling up to $15k worth and bpaying it to nor in T+2!
If news did send the price even near 2c, let alone beyond, I hope not too many holders try it.. because it would be so far oversubscribed, they'd be lucky to get near 50% of their allotment (scaled back), have to wait a week or 2 to get the refund, and possibly have thrown away shares way too soon trying to make a quick buck!
E.g.. if news did push us past 2c by early this week, I have 2 holdings, so if I could round up a short term $30k, send it in for 1.25s and see how much is returned. Imagine how many holders would do the same, and how far oversubscribed it would be if news hit by now.
I think quite a few holders had already taken up the offer even prior to the extension too.. I know of at least $45k that had already been sent in from a few holders, so it could've been already well filled before the extension.
I can't see sell depth on the phone app.. but I'll assume It's the usual 2mil fake sell stacked safely again at 1.5.. always .2 away, just above the price for months while big accumulation continues to show on each T50. What a hero.
Just trying to prevent a 1.4 linewipe!?
..and they've succeeded in flushing out a 1.3 seller.
Helllooooo Asic.
C'mon Paul
Stoke it up!
Might make sense if news in the next day or 2.. prevents the...
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