Wazz, the entitlement only raised $1.8m out of a targeted $4.3m i.e. circa 42%. The other $2m was via the placement. Seems shareholders not as keen as anticipated, so now they will place residual and brokers will get their clip anyway.
Less than an ideal outcome I would say (which pains me to say)
Ann: Results of Entitlement Offer, page-4
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Mkt cap ! $35.86M | |||
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