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3.3¢ raya group limited

Ann: Prospectus Capital Raising, page-19

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Graham_1954

1,192 Posts.

18/01/16

20:09

Post #: 16820161
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Originally posted by malmanu ↑

I think they will struggle to raise $8 million in this market .

Upon completion of the issue and allotment of Shares pursuant to this Prospectus and completion of the Acquisition - Existing Shareholders 718,364,311 shares will end up with 42.42%
(Assumes that no Existing Options are exercised after the date of this Prospectus and excludes any holding under the Priority Offer)

Why Didn't this company just do a float with a broker rather than give away 42.42% to a company holding maybe 800K in cash and 382m low priced 1.5c options. Did it think it wouldn't be able to convince the broker to get its clients to stump up the money. Something not right here.

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As a non holder your concern for the welfare of us holders is very much appreciated. Damn shame it's too late to nominate you for Australian of the Year.

RYG Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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