Pure speculation on my part but perhaps there is a contractual agreement that Arete Capital have an option to purchase the NML shares from Smorgon/VBS at X price. This I don’t think would have to be disclosed to the public as both Arete & VBS are private companies.
Sort of along the same theory as Rivermore that Smorgon is ‘warehousing’ it for Arete until they decide to make a move.
We know that there are close links between Smorgon/VBS & Arete from other cap raisings so if this turned out to be the case it wouldn’t surprise me.
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Pure speculation on my part but perhaps there is a contractual...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.55M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 10.5¢ | $99.29K | 909.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 371966 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 186209 | 3 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
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NML (ASX) Chart |