AC8 0.00% 4.0¢ auscann group holdings ltd

Ann: AusCann Share Purchase Plan, page-15

  1. 579 Posts.
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    Has anyone think it is a bit odd for the SPP. It has 21000 holders on registry, and if each subscribe for the $15k, it will raise $300m instead of $8m it asked. The only explanation is it just aim for some cash from the 2.3% suckers, not all shareholders because no one in the company management actually believe the company can get money from normal channel.

    It is smell very fishing indeed, why they need this $8m in such deceptive way? think my friends before put your money in.
 
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