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Ann: $3.9M Placement successfully completed , page-22

  1. james99
    1,600 Posts.
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    18/11/09
    11:59
    Post #: 5928758
    My experience of sophisticated investor raising is that the price is usually between a 10 and 20 % discount to the VWAP of the share price on the preceding between 5 and 20 days. This was frankly irresponsible.

    And, I do prefer offers to include all shareholders - VPG just managed a quick and sucessful offer to all holders.
    BIG Price at posting: 3.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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