AYN 0.00% 0.1¢ alcyone resources ltd

Ann: Funding and Operations Update , page-15

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  1. 1,823 Posts.
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    Compare buying up the same number of shares as my forfeited rights issue now vs taking up 100% of my right I would now have to pay $19.95 for brokerage.

    Now I wonder why there's such a big line up at 0.5c. Did these people subscribed to their rights issue or are they just shorting? Why are they selling at the same price as the rights issue? Are they fake orders. Are they buying from one hand and selling on the other just to keep the price at the current level?

    I'm perplexed as to what gain does one get subscribing to the issue and selling at the same price? I know I'm stating the obvious ... the brokerage I'll have to pay now, if I put my order in, goes to the broker and not the seller.
 
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Currently unlisted public company.

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