Sorry guys, all my fault. I took a liking to AJX and bought in, hence the drop in SP...
Someone is offloading in a hurry... hopefully find its feet soon? After all "demand was well in excess of the placement shares offered" at 65 cents so those same bodies should be snapping up these bargain shares now?
They would have been better off with a rights issue or SPP, would easily have raised the same funds without such generous freebies, what did the US investors offer that existing shareholders can't?
Report Accompanying National Defense Authorization Act of 2016 to Include Directive about the Use of, page-98
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