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clock Created with Sketch. 19/10/22
17:02
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Originally posted by GiddyYup:
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The real problem for Biotron management is which mechanism to use for the CR. Over the years they have tried so many different ways to run a CR and have had mixed success. In 2009, 11 and 15 they ran an SPP but two of these were failures (32% takeup and 22% takeup). In 2014, 17 and 18 they ran rights issues which were all successful (fully subscribed or over-subscribed). They have also done placements on a number of occasions and an interesting pro-rata options entitlement offer back in 2009.
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the thing is it looks like they need a CR just to keep the lights on…is it more grants (no dilution) or is it equity placement (dilution)
(20min delay)