For gods sake guys - get a grip.
The offer document is outlining the maximum amount of shares that could be issued if every shareholder took out the $30k allocation.
The company do not want, or need $10 million or $13 million. They need $1 million to kep the lights on while they see the deal finalized and then they should be receiving $150 million++++++.
The rights issue will be scaled back to a bare minimum - im not even going to bother subscribing.
Many here need to get a grip. Gino is doing a magnificent job for us.
Ann: Proposed issue of securities - MTC, page-6
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Mkt cap ! $37.40M | |||
| Open | High | Low | Value | Volume |
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