It's normal to see a placement to S&I holders with retail holders left high and dry
It's normal to see a placement to S&I holders with a piddly token portion left to retail holders.
Usually in either of the above, there would be one announcement - and that would be the end of it.
In this case, S&I holders got $11.5m worth of shares, then three days AFTER out of the blue - comes a partially underwritten offer to retail holders. And an extra 30% above the amount initially raised is not a token sum.
- Forums
- ASX - By Stock
- ICQ
- Ann: Proposed grant of options to Directors
Ann: Proposed grant of options to Directors, page-13
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)