Underwriting = failed equity raising.
With the shares 10% or more below the buy in prices, the rights are worthless.
ordinary shareholdes have not only seen their holding diluted by 15% by the placement, but thave sen an even greater fall in the share price.
Even the strike price on the options will be out of the money by 100%.
IMO the people running this company are rank amatuers in all aspects including fiance and operations.
underwriting makes sense , page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BUR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 180922 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |
Day chart unavailable