ALA 3.70% 14.0¢ arovella therapeutics limited

Ann: Update - Proposed issue of securities - ALA, page-4

  1. 7,288 Posts.
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    Scratching my head atm.

    Don't understand the reasoning for the delay. As i said, they are only raising $1m, which is at the same price as the $4m placement which was well oversubscribed. So surely it would be taken up without issue.

    Or are they planning on raising much more than the $1m (can they?) & entice more shareholders with a last minute announcement?

    Sell side becoming very thin again, and buy side building.

    Watch this space.

 
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