ABV
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0.00% 5.5¢ advanced braking technology ltd

Announcement stated "Its not underwritten but is being lead...

  1. plough
    33,434 Posts.
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    07/08/18
    06:03
    Post #: 34761513
    Announcement stated "Its not underwritten but is being lead managed by Baker Young Stockbrokers ltd"

    So how could institutions be pulling out , if there is no indication they have even come on board to underwrite it .
    TO me ABV have set themselves up for failure with this entitlement offer given the share issue price is the same as the current share price , and with a sweetener of an option that will be questionable in getting into the money .
    ABV Price at posting: 0.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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