RLC 0.00% 0.3¢ reedy lagoon corporation limited

Ann: RLC underwritten rights issue at 2.5 cents to raise $3.5m, page-27

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    Seems to have found resistance at 4 cents, so probably good grabbing a few more. Will be picking up as many as possible in the entitlement. Look it's probably half a cent less than what I was expecting but, most shares going to shareholders. Unlike CAD where all shares went to SOPHS, and are automatically sold down when a run happens. RLC will run as small shareholders tend to hold and sell in smaller parcels. Looking forward to the next few months -cheers
 
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