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Is a Trading Halt coming ?, page-70

  1. Eljefe83
    77 Posts.
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    22/11/18
    11:12
    Post #: 36599785
    If you scroll down to page 12 of the rights offer document;

    "Entitlement Offer is not fully subscribed

    The Lead Manager has agreed to subscribe for and/or place all New Shares not
    subscribed for pursuant to the Entitlement Offer."

    The lead manager is Merchant. But it's not clear to me how this interacts with the shortfall offer. Presumably this means Merchant also joins the queue for shortfall shares and then its up to the company to decide whether to grant them.
    BD1 Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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