Presumably it will fall??? WTF?
The company was looking for $1.5 million from retail shareholders. They receive $8 million! $8 million! The scale-back for shareholders is likely to be at 33% of desired allocation.
Some people here sold down prior in the expectation that would receive their full subscription at 12.5 cents. Now going to need to buy back in at market prices - potentially at a loss too, should they want to reinstate their original position.
How in the wide world of ASX trading do you come to the conclusion that anything about this announcement is negative and will 'presumably' lead to a fall?
The negativity around every single thing this company does... stinks to high heaven.
SK.
Ann: Results of Share Purchase Plan, page-11
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