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2.63% 3.7¢ vrx silica limited

Ann: VRX Launches $3.1m Renounceable Entitlement Offer, page-143

  1. blister
    15,046 Posts.
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    02/05/24
    14:18
    Post #: 73631427
    someone explain this to me,......

    because of the 13 to 1 ration..... there are 583m shares on issue.... divide by 13 to see total available share entitlements...44.84m shares... x .055 = $2.46m

    There intention was EVER SINGLE HOLDER TAKE UP THEIR ENTIRE ENTITLEMENT? Thats not even possible.

    this is a sketchy pass through to who ever is backing the underwriter...... right?
    VRX Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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