ADN 6.25% 1.7¢ andromeda metals limited

Ann: Fully underwritten Rights Issue to raise $1.4 million, page-31

  1. 12,454 Posts.
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    "it should be way over subscribed so your not going to get as many as you want."

    What the hell??

    LOL ... are you joking? That is nonsense. It cant be oversubscribed!!! Its a 1:2 share entitlement, and the 3b has already been released today with the EXACT amount of shares to be offered to each holder. No more, no less! So you will be allocated an amount of shares based on your holding, and they are your entitlement, yours alone to buy, right until the cut-off day.

    The offer is underwritten, so any of the allotted shares not taken up by holders, will be scooped up by the underwriter.

    This is different to a $ offering where holders are invited to apply for shares to the value of say $15k ... which is often oversubscribed & can be first-come-first-served.

    This is NOT an application for shares ... this is an entitlement of shares!

    Just clearing that up
 
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