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Ann: Entitlement Issue Shortfall Notification, page-26

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  1. Macleod22
    4,863 Posts.
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    22/09/15
    15:42
    Post #: 16037570
    KIWI

    Regarding this extract from BMZ....
    ​
    The resultant shortfall of shares to the value of $4,148,992 (414,899,170 New Shares) will be placed by the Underwriter to the entitlement issue within 3 months of the closing date, in accordance with the provisions of the Offer Document dated 24 August 2015.

    Does this imply that BMZ has three months leeway in seeking the funds required to continue its operations and not going insolvent?



    Just wondering!
    BMZ Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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