BFC beston global food company limited

Ann: Trading Halt, page-4

  1. 138 Posts.
    lightbulb Created with Sketch. 98
    I wouldn't have thought 2.5 cents would be legal and wouldn't be surprised if this was just more made up rubbish by AFR journos!!!

    But doesn't matter what price it's to much for this corrupt mess.

    7.1A.3 Any +equity securities issued under rule 7.1A.2 must be in an existing quoted +class of
    the +eligible entity’s +equity securities and issued for a cash consideration per +security
    which is not less than 75% of the +volume weighted average market price for +securities in that +class, calculated over the 15 +trading days on which trades in that +class were recorded immediately before:
    (a) the date on which the price at which the +securities are to be issued is agreed
    by the entity and the recipient of the +securities; or
    (b) if the +securities are not issued within 10 +trading days of the date in
    paragraph (a), the date on which the +securities are issued.
 
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