RLC 0.00% 0.3¢ reedy lagoon corporation limited

Ann: RLC underwritten rights issue at 2.5 cents to raise $3.5m, page-105

  1. 10,499 Posts.
    lightbulb Created with Sketch. 2084
    Just stating the facts in what normally happens.
    I have no problem with people sticking there head in the sand as it means they pay to much while reducing there capital to buy the cheaper shares that can become available latter.
    Experience in the markets is everything.
    8.5 cents to 5 cents so far ,and the potential for selling has not even started yet.
    How many shareholders have the money to take up there rights ? ,and how many will sell on the market to raise the cash.
 
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