SMN 0.86% 58.5¢ structural monitoring systems plc

Ann: Placement to Sophisticated investors, page-10

  1. 662 Posts.
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    It's still adding 2% of the register, at a big discount to close, and a huge discount to last raise when good news is supposedly imminent. Wouldn't have thought a convertible would be hard to pitch here, pay a decent but not outrageous coupon with the right to convert if the share price rises on approval.

    Instead a sweetheart deal to the nearest and dearest. I would love to know who participated...
 
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