Ann: Non-Renounceable Rights Issue, page-10

  1. 1,554 Posts.
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    Bill has nailed it, this is so the big shareholders can get more control.

    They won't get all the money, but they will get most of it. Be interesting to see how Phillips funds it, he does not have the resources of Meng.

    The truly sad part of this is they could have raised at 40 cents at peak Covid.
 
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