There is no guarantee that it will even go through. And how is this going to work upon relisting? You will have several bondholders who will have 98% of the companies equity and about 23000 odd with 2%. Does that even meet listing rules? There will probably almost 23000 odd lots with the other top 50-80 shareholders (previous structure) making up the rest . You have no spread. In effect they have destroyed their own market, why would anyone buy this stock later on let alone participate in capital raisings. .
Ann: Administration Update Report to Creditors and Proposed DOCA, page-40
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Last
$7.60 |
Change
-0.160(2.06%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $7.76 | $7.82 | $7.52 | $25.53M | 3.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42495 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 12868 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
