RGT 0.00% 28.5¢ argent biopharma limited

Ann: Cleansing Prospectus-MXC.AX, page-18

  1. 7,639 Posts.
    lightbulb Created with Sketch. 483
    Thanks Brett, said with a smile……

    Anyway peterking, if BM did explain the exact purpose of the cleansing prospectus for $1.00 then everyone would be much wiser.

    The only time I have come across these is when BM has issued them and I know other companies do issue them.

    These cleansing prospectus’ cause more confusion than thing else that I have come across.

    Your explanation is not an explanation it just refers to a meeting and issuing of options. I.e. “this is in preparation for…….”

    “This is in preparation for the meeting on the 27th wherein, amongst other issues, will be the approval of issuing of options to shareholders who participated the recent CR.................... “

    From the prospectus….

    Item 5.1 * The primary purpose of this Prospectus is to remove any trading restrictions that may have attached to Shares issued by the Company PRIOR to the Closing Date (including PRIOR to the date of this Prospectus).


    The above item 5.1 does not mention preparation for the meeting or issuing of options. It clearly mentions removing any trading restrictions from shares that may…….. and the options have not been issued, according to your post.

    One possibility would be to remove the sale restriction of shares that are in escrow to allow the sale of said shares, should the owner need to sell them. While still keeping them in escrow?
 
watchlist Created with Sketch. Add RGT (ASX) to my watchlist
(20min delay)
Last
28.5¢
Change
0.000(0.00%)
Mkt cap ! $13.79M
Open High Low Value Volume
28.5¢ 28.5¢ 28.0¢ $15.14K 53.18K

Buyers (Bids)

No. Vol. Price($)
2 73 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 3187 1
View Market Depth
Last trade - 13.52pm 29/07/2024 (20 minute delay) ?
RGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.