What happens if the cap raise rights price is around 45 cents & the share price falls below that price?
The answer is--
Mac Equity Partners Pty Ltd (AFSL 338731) may place any shortfall of the Entitlement
Options on a best endeavours basis.
Hmmmm.
SMN still receives the money & the cap raise will be successful but who will be the winners & who will be the losers?
The losers will be the current shareholders who will have their percentage of equity reduced & the value of their holding reduced.
The winners will be SMN who will receive the money from the cap raise & whoever takes up the shortfall at the reduced price.
Ask yourself, " who is responsible for putting together the new prospectus & terms for the cap raise".
- Forums
- ASX - By Stock
- SMN
- Ann: Appendix 4D & Half Year Report
Ann: Appendix 4D & Half Year Report, page-16
-
- There are more pages in this discussion • 38 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 SMN (ASX) to my watchlist
(20min delay)
|
|||||
Last
58.5¢ |
Change
0.005(0.86%) |
Mkt cap ! $80.35M |
Open | High | Low | Value | Volume |
58.5¢ | 58.5¢ | 57.0¢ | $11.55K | 20.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3808 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 1608 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3808 | 0.570 |
1 | 7535 | 0.560 |
2 | 2600 | 0.555 |
1 | 5000 | 0.550 |
1 | 33358 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 1608 | 1 |
0.590 | 5000 | 1 |
0.595 | 20020 | 1 |
0.600 | 4144 | 1 |
0.610 | 10000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |