I was one of those that did not partake - the amount I would have been granted was so small it did not make it worth my time, I just spent a month waiting for a cheque to clear (I am in NZ) from the last $29,400 they sent back to me that they decided they did not want from the previous cap raise.
If the ratio was more appealing to smaller holders then I doubt there would have been such a shortfall - a 47% shortfall is not positive in any company, let alone a rocket like Sayona has been for most of us so far.
I love the company but hope this is a reminder to management just how much a part of this business smaller (non-sophisticated) retail holders are. I still rate the company an overall buy and have full confidence in management and the greater company.
Ann: Closure of Non-renounceable Rights Issue Offer Result, page-7
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3.1¢ |
Change
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Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.3¢ | 3.0¢ | $3.971M | 128.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 15697465 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 594033 | 3 |
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