Hi Rats, hope everything is ok, anyway refer my previous post. The issue is "receiving subscriptions for an amount at least equivalent to the Underwritten Amount under the Entitlement Offer. "
So what does "receiving subscriptions"mean. If nobody applies and they receive 4m from underwriter is this "receiving subscriptions". Think Goldfish may have answered the question, so just pointing out where the confusion is coming from.
Best guess at amount raised in placement., page-142
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