AVZ completed a cap raising through Pattersons with the same conditions (20% discount to the 5 day VWAP prior to issue date) earlier this year. Price got a smacking down (~30%) between the announcement and issue date.As a long suffering holder of both, it won't surprise me if the same thing happens here.
Upside, might make a good buying opportunity? (DYOR, not financial advice, etc)
Ann: ARV Share Purchase Plan - Underwritten to $1.5 million, page-23
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