Hi Azoff, I see the entitlement offer is not underwritten but they can place any shortfall, perhaps AF has someone lined up that is happy to take a large stake at the issue price, can’t think of any other reason to issue at a premium. If they had of issued at a discount they could have further diluted Jigao (assuming they don’t participate). Big boys at play, what do us mushrooms do, lol.
Ann: Company Updates & Capital Raising, page-16
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
