Ann: Cleansing Prospectus, page-5

  1. 258 Posts.
    Its not an offer. Its the wash up for the rights issue just had. Cleansing issues are allowed for some stocks. Interestingly the rights offer was for $1.07. Appears to be no escrow (?pls correct me if wrong). Which means someone just made $9m+ . Pretty dilutive when break-even round the corner.
 
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