I don't think you realise what you're doing. You're making my case, as I see it.
You do realise I'm sure that the placement & insto entitlement components were oversubscribed.
If someone (presumably not CEO Itescu) is trying to drive the price through the floor, then (ahem) " why is SI taking any shares in the offer, and why then did he commit to taking and funding in excess of AUD2.5m of his MSB entitlement? " . To me it's still the more interesting question.
According to your quoted extracts, he could have picked them up cheaper on-market atm. And yet he didn't.
Please explain.
Cheers
Ann: Information For Retail Shareholders, page-66
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$1.19 |
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Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.20 | $1.09 | $13.21M | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.19 |
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| Price($) | Vol. | No. |
|---|---|---|
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