I reckon Wayne has it cover this time. The CR timing is not great, but it must be done ASAP. He does think about the long terms benefit of existing shareholders to formulate the current CR and right issue.
I think this is it, the last chance for shareholders to take part in the lowest pricing CR that not likely to repeat again. I am taking my full entitlement, small and not enough, hence bought 500k PENCR yesterday. I’ll subscribe for the maximum allowable shortfalls if any.
Good luck existing and new holders. Cheers
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