wcl - now big time - hang onto your hat !, page-25

I am a relative newbie to this. Can someone explain why the current sp is almost 80c?? I owe some and I am not sure if I should sell now or take part in the capital raising.

Placement price 55c plus 1 right at 45c = 50c per share for the new investors.

For existing holders, if we take up our full entitlement, we get essentially a 5c discount to the new investors for each new share (50c minus 45c) so I supposed if some investors then decide to sell, the sp would be somewhere between 45 and 50c.

So why the current premium of almost 30c for each share?