IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Trading Halt, page-581

  1. 718 Posts.
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    I’m actually not convinced of that. If you think about the last raise 15c and 3:1; since then good news finally figuring out sampling and discoveries accordingly. There now should be twice as many lining up as last time before results. The discount and options free for all again should not have been needed in my opinion. Sure, info suggests existing retail will get an opportunity to get into the same attractive deal, but personally I’d prefer to see 15c (still a discount to VWAP) and no options so we don’t get the inevitable share price washout and instead we get everyone looking eagerly forward to what’s coming. If it’s as good as Scott says they should’ve been able to sell this case easily IMO. There’s no rule dictating that a CR needs to be discounted or come with freebies. Too far backwards step and unnecessarily in my opinion. Not sure who’s advising them but they could be doing better. Timing also mystifying however must simply assume we are flat out of money and need to get some bills paid…
 
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