Putting on my conspiracy hat...
IMO The entitlement offer is for two purposes - so SI can buy in & shut up retail investors (and non-SHs e.g. @madamswer) who complains it’s always an institutional placement
Now that Mesoblast got $55m in the bank already, they don't really mind what additional $$$ they get from this token retail entitlement. If they get more money good, if not then it's less dilution
Let's see how this plays out
Ann: Information For Retail Shareholders, page-12
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Last
$1.26 |
Change
-0.050(3.83%) |
Mkt cap ! $1.432B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.30 | $1.17 | $21.32M | 17.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5460 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 978 | 1 |
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| MSB (ASX) Chart |