ELE 0.00% 0.5¢ elmore ltd

Ann: Significantly Oversubscribed Placement Commitments $3.2m, page-5

  1. 866 Posts.
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    I don't see how this is a good thing, we had the money available, under good terms from Magna to continue with operations, they would have had to have paid a 200% premium. How is diluting the shares, at a lower than market price a good thing?
 
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