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2.16%

90.5¢ droneshield limited

I've always found these "band" to be stupid and narrow minded....

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GoNuke

7,864 Posts.

155

22/04/24

07:36

Post #: 73448489
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Originally posted by TerribleTadpole: ↑

"The macimum investment is $30k and it can only be offered in 8 bands starting at the minimum of $1k , $2.5k and another six up to $30k" - note that this sentence relates specifically to this particular SPP. It can take many forms. A couple of examples include:
New shares can be offered in proportion to existing holdings. For example, a 1:3 SPP would offer one new share for each three already held on the record date. With these offers, holders can specify how many new shares they want up to the limit imposed by the proportion.
Rights to new shares can be "renounceable", which means you can sell the right to the new shares on the market. This is good for the issuer because holders who don't want to take up their new shares can sell them on to others who do want to take them up.

This specific SPP is a non-renounceable offer (i.e. you can't sell the rights to the new shares) with preset parcel sizes.

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I've always found these "band" to be stupid and narrow minded. By that I mean anyone unable to stump up $1k (They usually start at 2.5K) misses out.
So if you have $500 that you want to tip in, bad luck you're too poor is what these companies/brokers say.
Disappointing.
DRO Price at posting: $1.12 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 90.5¢		Change -0.020(2.16%)		Mkt cap ! $643.6M

Open	High	Low	Value	Volume
90.5¢	90.5¢	87.5¢	$4.365M	4.895M

Buyers (Bids)

No.	Vol.	Price($)
21	65724	90.0¢

Sellers (Offers)

Price($)	Vol.	No.
90.5¢	179229	8

View Market Depth

No.	Vol.	Price($)
23	66815	0.900
15	79370	0.895
18	191209	0.890
12	701774	0.885
21	167710	0.880

Price($)	Vol.	No.
0.905	194319	8
0.910	187560	9
0.915	84933	6
0.920	35563	5
0.925	86480	9

Last trade - 14.50pm 17/05/2024 (20 minute delay)


Last 90.5¢			Change -0.020 ( 0.49 %)
Open	High		Low	Volume
90.5¢	90.5¢		87.5¢	1790572
Last updated 15.12pm 17/05/2024 ?

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