APZ 0.00% $2.28 aspen group

aspen share offer. why dont the numbers add up

  1. 45 Posts.
    lightbulb Created with Sketch. 1
    shares issued:
    Initial allotment 138,561,002
    Retail allotment 137,619,987
    Total new securities 276,180,989
    money raised:(advised$82.4million) $82,854,000
    allocated:
    (loan reduction) -$72,200,000
    directors loan - $7,181,897
    underwriting fee 3% - $2,270,163
    unallocated $1.2million
    WHERE IS IT???

    UNDERWRITERS BENEFITS
    shares allocated(12% of issue) 33,141,718
    Unrealized [email protected] $1,325,000
    Dividend $344,674
    underwriting fee $2,270,000
    Total underwriters benefit $3,939,674 or 4.75% of issue
    Share ownership benefit "mistakenly" transferred from
    existing shareholders to U'writer (19% of retail offer)
    Current value of this unrealized gain ($1,325,668)
    add in dividends rcd from this "mistake" $271,937
    a handy additional unexpected? $1.6million

    Are these the only miscalculations?
 
watchlist Created with Sketch. Add APZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.