How could it get any worst than this.
This cap raise benefits Patersons and along with the 20 million options at different discount rates ,some heavily discounted ,will result in a lot of profit taking as they sell off there stock along with there professional traders who do not hold for long.
The final issue price could be as low as 3.5 cents or as high as 5 cents ,then after shares have been issued and profit taking from the traders this could go much lower.
If I was a shareholder I would be complaining big time to stop this from happening ,but the damage probably could not be reversed now anyway.
- Forums
- ASX - By Stock
- AVZ
- Ann: AVZ Launches Fully Underwritten Share Purchase Plan
Ann: AVZ Launches Fully Underwritten Share Purchase Plan, page-98
-
-
- There are more pages in this discussion • 742 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)