CDM cadence capital limited

Ann: Placement, page-2

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    Cadence Capital Limited (ASX Code: CDM) (‘the Company”) today announces it has
    successfully raised $18 million at $1.43 through its Placement. This brings the total amount
    raised through the Options exercise and placement to $137 million

    37.9 million @ $1.43 = $54 mill.odd....the shortfall only got covered upto $18mill.
    apart from the obvious,what else does this infer?
    scared mrkt?
    a slap in the face?
    only 100 more shareholders ?
    Last edited by Tinwins: 02/10/15
 
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