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Ann: Results of Entitlement Offer and Shortfall Notice, page-2

  1. Protagonist
    6,933 Posts.
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    29/08/22
    18:49
    Post #: 63390614
    Seems like a worst-case outcome.

    Company could only raise $370,000 of the $1.9M. Furthermore, it seems Board members absolutely did not "subscribe for all of their Entitlement under the Entitlement Offer" as they told us they would in the prospectus (p.37)
    Last edited by Protagonist: 29/08/22
    SCU Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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