NRZ

0.00%

0.3¢ neurizer ltd

Ann: Share Purchase Plan Closes Oversubscribed, page-25

First 25 Last

Share
Profile

Follow
Magmag

350 Posts.

50

18/06/20

22:02

Post #: 45311244
Share

Originally posted by J L: ↑

Yes WW, their explanation is not overly transparent, we have to guess their reasoning by doing the maths They wanted $1M but expected $12m plus. Why no clear explanation for shareholders what were they going to do with $12M. Legal - probably is, but not clever PR.

"Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan
ASX +Security Code +Security Description
Maximum Number of+securities to be issued LCK ORDINARY FULLY PAID 174,080,704"

"The Company is seeking to raise a minimum of $1,000,000 under the SPP. The SPP is underwritten byCanaccord Genuity (Australia) Limited (Underwriter) to the value of $1,000,000 (Underwritten Amount),subject to the terms and conditions of the underwriting agreement. Directors may also, in their absolutediscretion, decide to increase acceptances in the event of oversubscriptions (up to the maximum permittedby the ASX Listing Rules)."

Very strange, subscribers on average received four times what they would have received if oversubscribing was not allowed. This appears to me that subscribers, for reasons known only to themselves, gave it a huge tick of approval as $30,000.00 max per shareholder would exclude any big speculators. Perhaps they threw a lot in expecting it to be scaled back. This gave the company an opportunity to grab the money, comfortably reinstate salaries and the like after the two quarters and avoid another early capital raising; or perhaps finance some other venture. Without a full explanation from the board we are left to speculate. Its pretty clear that $1M was not their goal, they asked for the impossible hoping for a miracle. That's not good, it challenges our confidence in them. J L

Expand

great post, perfectly articulated, my sentiments exactly. Last sentence sums up our investment in LCK perfectly

LCK Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 64 more messages in this thread...

First 25 Last

Add NRZ (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $6.543M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$7.14K	2.378M

Buyers (Bids)

No.	Vol.	Price($)
14	26529745	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	24056713	25

View Market Depth

No.	Vol.	Price($)
13	14529745	0.003
68	82905435	0.002
22	91505000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	23936684	24
0.005	6375663	19
0.006	4917520	7
0.007	841000	2
0.008	200000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

NRZ (ASX) Chart

Ann: Share Purchase Plan Closes Oversubscribed, page-25

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACCC seeks Olam divestments before it can buy Namoi Cotton

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Share Purchase Plan Closes Oversubscribed, page-25

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACCC seeks Olam divestments before it can buy Namoi Cotton

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News