I think you're confused, the main part, the entitlement offer was underwritten... the spp was nothing vs the shareholder entitlement. The underwriters have bagged 85 million IFL shares since retail took up nothing. Watch the price now magically ramp up next month, and then the underwriters dump their holdings.
IFL Price at posting:
$3.02 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)