Well there you have it folks, $10mill raised by 'sophisticated and professional investor clients' and at a 3c discount of course. Like I mentioned before, a ploy to fill their mate's pockets as done by so many. They're even giving them the oversubscription without any regard for SHs.
Not all that bad but a bit sad the little guy doesn't get a go, typical. An extra 60mill shares dilutes the register 40%. That's quite a blow and I wouldn't be too happy as a holder not getting a chance to actually offset that.
Still, $10mill dollars will keep their head above water for the time being. Am noting at the end of the announcement they seem very confident about a contract soon with the postponement yet again of Merriden.
I don't think you'll be having to wait too long at all before this comes to fruition and the SP starts to climb. Just depends how 'big' this contract will be.
- Forums
- ASX - By Stock
- CKK
- capital raising
capital raising
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)