CTO 0.00% 0.4¢ citigold corporation limited

Ann: Share Purchase Plan, page-11

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  1. gmt
    8,029 Posts.
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    They need 34 holders to take up their full allocation to get it over the 2billion, a spend of just over $500k, last placement saw them raise just over $750k. They would not get a bean out of me if I were holder given this placement price is 30% lower than the last placement and another deal has so far failed to complete.

    Who are the beneficiaries of these SPP's , capital raisings and placements, certainly not the retail shareholders IMHO

    DYOR My thoughts and ramblings only
 
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