Interesting thought just came to me regarding the PALA facility. They've already reached the 19.9% threshold for holdings so any amount used from the equity facility would have implications for PALA and require them I think to make a takeover offer. They probably can get around this however given their reluctance to take up all the penoa options to avoid breaching the 20% mark might there not be some reluctance to approve any dipping into this facility for any non-strategic uses ?
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- Ann: PEN Investor Update - May 2012
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8 | 309973 | 0.091 |
32 | 1668903 | 0.090 |
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