DOW downer edi limited
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Wow - a mega disaster in the making, page-17

  1. bug1
    6,633 Posts.
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    24/03/17
    08:03
    Post #: 23591274
    "Approximately 44 million entitlements not taken up by eligible and ineligible institutional shareholders were offered for sale in the institutional bookbuild, which was conducted on 22 and 23 March 2017 ("Institutional Bookbuild").
    As the Institutional Bookbuild did not clear the Entitlement Offer price of $5.95 there will be no proceeds available for distribution."

    (from a notice on the DOW.NZ hotcopper page, here https://hotcopper.com.au/threads/an...l-entitlement-offer.3318111/?post_id=23590803
    Downer is going to get savaged today.
    Last edited by bug1: 24/03/17
    DOW Price at posting: $7.42 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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