TPI 4.29% 73.0¢ transpacific industries group ltd

share price will not move over $1.20, page-13

  1. 6,797 Posts.
    lightbulb Created with Sketch. 292
    Hi,
    Broker application fee, paid to sponsoring broker.

    Think you will find it is paid by underwriter/company.
    Last sentence " Applications already submitted will be eligible for the stamping fee" , ie not "liable" , but "eligible".
    Not to say it might not be a clever way of putting people off. In WP's interest to get as many at 1.20 as it can?
    Still trying to work out whether >50% triggers redemption clause on TPAPA. If it does, either means TPAPA's are worth close to 100 bucks, or they are not aiming for >50%.

    hold TPAPA only

 
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Currently unlisted public company.

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