the DJ drop does not affect the business as such - it just affects the funding of the business.
imho, EDE will still be able to raise funds via a CR, it is just the terms of the CR that is the issue.
I reckon the DJ drop came just in time to bugger-up the Placement.
There is usually a material Adverse Change clause (a get-out clause) in these Placement docs, which includes a pre-condition relating to a drop in DJ.
I think the Placement probably got to a point where the brokers had agreed/ found the investors, but EDE had not yet been able to allot the shares. So the investors were able to withdraw.
I think these investors will wait to see what happens when the DJ starts to trade again.
Then they and brokers and EDE will re-assess the terms of the Placement.
Geez, a week earlier and we would have had the cash in the bank!
- Forums
- ASX - By Stock
- EDE
- Ann: Suspension from Official Quotation
Ann: Suspension from Official Quotation, page-4
-
- There are more pages in this discussion • 154 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EDE (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $6.162M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $188 | 125K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 207377418 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 25084670 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 207377418 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 25084670 | 19 |
0.003 | 49546223 | 26 |
0.004 | 5516034 | 6 |
0.005 | 4649540 | 4 |
0.006 | 3376383 | 2 |
Last trade - 10.24am 02/09/2024 (20 minute delay) ? |
Featured News
EDE (ASX) Chart |