OSL 10.0% 0.5¢ oncosil medical ltd

Ann: Non-renounceable Rights Issue Offer Prospectus, page-117

  1. 27,105 Posts.
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    it was just statistics. Yeah, i wonder why all the lines were lined up soaking above.
    Its a natural stair case event. When there is always that supply that has some profit in it.

    There was a high probable event that 1c would be hit.
    A modest chance that a break even trade could occur at 0.8-0.9c in lou of sell option as well at 0.1/0.2c to break even. But why would you bother participating if you were that unsure of sending money in to get out again.

    So possible,. Maybe the 0.9-1.0 would get a look.
    Given the substantial discount from 3c, how many holders will be taking it up ? Who would average their position ?
    One thing for sure, it needs to close out, before it can rationalize its value somewhere to the previous MC when was trading at 3-4c.
    You wonder, if this is a large discount to dis enfranchise the retail, and to be soaked by larger players.

    So was the excessive discount, to encourage retail ? or discourage them ? Curious.

 
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