VRX 2.63% 3.7¢ vrx silica limited

Ann: VRX Launches $3.1m Renounceable Entitlement Offer, page-142

  1. 10,652 Posts.
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    I think the only logic here is they were expecting the sub-underwriters would buy. And probably had some understanding to that effect. No sophies, no instos, just sub-under-writing agreements.

    The trouble, I presume, is the subs have realised that they are in a position of strength here. And have said bend over instead.
 
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