AJX 0.00% 1.2¢ alexium international group limited

Ann: $12m Institutional Placement and Announcement of $3m SPP, page-89

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  1. 34,916 Posts.
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    Depending on where the share price is this could be very oversubscribed. I wouldn't be counting on attaining many shares in the placement. How shares are scaled back is totally at management's discretion.

    Insto/sophi shares have not yet been received. There may very well be some selling pressure when issued. There may also be a concerted effort to keep share price low to dissuade participation. It will be interesting to see how the share price reacts.
 
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