PYC pyc therapeutics limited
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PYC Chart looks the goods, page-263

  1. Medicine Man
    215 Posts.
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    10/04/21
    23:43
    Post #: 52381332
    On 13/11/2020 PYC made an announcement "Completion of Retail Entitlement Offer", the paragraph at the bottom of page 1 says:

    "A shortfall of ~A$14 million worth of New Shares (~82 million New Shares) has arisen under the Retail
    Entitlement Offer. The Company retains the right to place this shortfall within 3 months of the close of the
    Retail Entitlement Offer at or above the Entitlement Offer Issue Price of A$0.17 per New Share    .    "

    By my calculation, that 3 months period would have ended on 13/02/2021. I don't think those 3-year options offered to the two new appointed Board Members would count towards this pool of $14M shortfall. Again I might be wrong. Please raise this question at the next Investor's Call on Thur 15/04/2021.
    PYC Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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