So, those holders eligible for the Entitlements Issue will also be able to apply for any shortfall with the Entitlements Issue, as well as being able to apply for shares under the Placement.
That is how I read it. Others think likewise or differently?
So, if I am correct, it would be possible to:
1. Get the 1 for 14 shares. plus,
2. Some shortfall shares (if there is in fact a shortfall), plus
3. Some Placement shares (if the Sept meeting of shareholders approves it, which looks a certainty).
With number 3, no outsiders can get any; you have to be a shareholder who held shares as of this coming Wednesday according to the company's register.
Later on, all going well, convert the 1 for 2 options attaching to shares by paying just 1.5 per share with 2 years in which to do that.
All-in-all, i think that eligible holders have been offered a compensatory benefit, compensatory in the sense that we (non-sophs) have been denied access to the previous 2 (at least) CRs. Furthermore, I think that the way things are shaping up with both Steam Engine and Bottletree, the timing is excellent, as are the terms.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.01M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $1.278K | 142K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 4116404 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4357386 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2260000 | 0.008 |
5 | 1013713 | 0.007 |
9 | 2229219 | 0.006 |
6 | 975966 | 0.005 |
3 | 3130009 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4357386 | 2 |
0.011 | 1116537 | 2 |
0.012 | 2878896 | 4 |
0.013 | 425000 | 3 |
0.014 | 1000000 | 1 |
Last trade - 10.19am 06/09/2024 (20 minute delay) ? |
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