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Remember they have a 50 day option which equates to the 6 weeks...

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83 Posts.

16/01/17

07:40

Post #: 21911882
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Originally posted by YStrategy ↑

I wonder if they are out of time to do a rights issue to existing holders.The deadline is 15/2/17 to notify that they have raised the $48 million.To do a rights issue and send out to existing holders takes around 6 weeks.Two companies I just looked at took 6 weeks from initial notification to the time of getting monies in and working out shortfalls.TSN themselves raised in 2011 and it took 6 weeks.So maybe they are going to borrow the full money for the 75% or the 75% will go to another company in some sort of deal?Can't say what will happen but timing will start to come into play.

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Remember they have a 50 day option which equates to the 6 weeks you are talking about... So they still have some time left to get share holder approval for a cap raise if required, as long as a letter of submitted before February 14.

TSN Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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