This post clearly demostrates why it would be helpful to wait till the details are released. It says it is a fully underwritten nonrenouncable issue. If every holder takes there entitlement then Patto get no shares. The price at 1c seems to provide significant inducement for existing shareholders to take it up (most probably an ASIC requirement to ensure the largest shareholder can't increase their share in a stealthy manner ahead of other esisting holders). I haven't seen any docs so I will be waiting to see what it says - my only constribution is that I wanted to see adequate funding in place for them to deliver rather than limp to another CR in 18 months.
PYC Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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