PLY 2.65% 58.0¢ playside studios limited

Ann: PlaySide Announces Capital Raise to Accelerate Growth, page-9

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,244 Posts.
    lightbulb Created with Sketch. 595
    My two cents worth ....

    Retail could not support a $ 28 m raise. Less than a 1000 shareholders holding between 10000 and 100000 shares. Another 2250 shareholders holding below 10000 shares ( as at 30 June 2021). Remember most of these holdings were secured below 30 c per share.

    Greater participation from the 'high-end of town' will underpin capital for further growth and improve liquidity. Yes, we will see more price volatility as they position, but none of that matters if you are playing the long game.

    As far as the SPP is concerned, will take only 133 shareholders to take up the $ 30000 offer, for the offer to complete. Kind of puts things into perspective. Agree with Harry that the scale back will be significant.

    I may try do a top-up if we see the price getting back to the low $ 0.80's mark.

    Good luck with your deliberations.

    Rokewa
 
watchlist Created with Sketch. Add PLY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.