MTC metalstech limited
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Ann: Shareholder Update - Non-binding Offer from Trans Metal Fund, page-29

  1. whiteyg
    3,164 Posts.
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    31/08/24
    17:50
    Post #: 75470987
    The shortfall was underwritten so they could have sold them if they needed too. The fact that the shortfall was not placed is very telling imo.

    If you have a deal done why would you dilute your own profits by issuing the shortfall shares when you don't need to.
    MTC Price at posting: 18.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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-0.005(3.57%) 		Mkt cap ! $29.97M
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