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09/05/24
09:26
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Originally posted by MichaelSA:
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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.
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Well if they do intend to raise 10m I'm betting there will be no need for a scale back. Oh well the offer document should clarify it all