It does seem like they won't be taking up the last $10mil of their loan from WHSP and might even pay down another $10mil from the proceeds of this raising - AL doesn't like debt and neither he should, so I would expect a fairly rapid pay down to WHSP in total by next June.
The share price might be held at these levels until 13th - they know most retail won't be bothered taking it up if the current quotes are maintained.
Ann: DESPATCH OF RETAIL OFFER DOCUMENT, page-8
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16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $159.6M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $225.4K | 1.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 324550 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 46465 | 2 |
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