You generally don't extend an SPP if it is already fully subscribed.
There are two scenarios:
1) It is under-subscribed and they need more people to take it up otherwise it will look terrible
2) There is something somewhat negative in the Quarterly and if they close the SPP and then release the quarterly there is a risk of a claim given no disclosure and DW8 would have the info now.
Presentation today will be interesting. It is really hard to tell exactly what the growth rates and potential for DW8 is given the continual acquisition of revenues (it is very strange that the incentive shares were trigger via purchased revenues from both Parton and WDA). Basically shares have been diluted from acquisitions, in order to be diluted more from incentive shares. When the incentive shares were issued, I don't think there was an expectation that $5m+ of value would be triggered via acquisition.
Cheers
Marv
- Forums
- ASX - By Stock
- KDY
- Ann: Extension to SPP Closing Date
Ann: Extension to SPP Closing Date, page-8
-
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KDY (ASX) to my watchlist
|
|||||
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.834M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
KDY (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online