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14.3% 0.8¢ red sky energy limited.

great news coming, page-19

  1. toneeh
    189 Posts.
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    04/07/12
    11:13
    Post #: 10391755
    Hi guys,

    Can anyone explain to me what this means?

    ERM Power will subscribe for 150 million shares in Red Sky at a price equal to the volume weighted average
    price for the five days preceding 4 July 2012, giving it a shareholding of 9.5%.


    Does it mean ERM will be buying in after 5 days?
    ROG Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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