AJX
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5.00% 1.1¢ alexium international group limited

Ann: $12m Institutional Placement and Announcement of $3m SPP, page-58

  1. Blommer
    2,935 Posts.
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    11/12/17
    13:59
    Post #: 29537414
    Part of the reason is that everyone can potentially get up to $15k worth of shares for 35c each, why would you want to pay more? Of course the issue may ultimately be oversubscribed though.
    The fact that it is trading above 35c means that people are expecting that it will be oversubscribed at that price, so thats a good thing.
    AJX Price at posting: 36.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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