ATC 6.67% 4.0¢ altech batteries ltd

Ann: Altech - $1.8 million Share Placement and Initiation of SPP, page-36

  1. 1,054 Posts.
    lightbulb Created with Sketch. 913
    Forget about the < 10% interest/E20m minimum. That is a worst-case action clause required in any contract.
    Part 2 of the raise will have been completed well before 16/4/2020.
    How much will be raised in total, who knows, but it will be more than E26m (~E6m costs) IMO to take them well beyond the 10% threshold.
    Could the SP drift lower than 9.75c SPP price? Maybe. This is an unexpected short term setback but not a major failure. Plans are modified and we move forward.
 
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