Ann: AnteoTech $3.5m Placement, launch of $5m Entitlement Offer, page-124

  1. 4,049 Posts.
    lightbulb Created with Sketch. 998
    Or this. perhaps pandering to the top 20 or perhaps manipulating them has cost us all time and money.

    “Whilst the Board and I would have liked to offer a Share Purchase Plan (SPP) for our retail investors, given the legal requirements of the SPP Offer Price needing to be lower than Weebit’s trading price in a specified period, and this Placement being done at a substantial premium to this, we have not been able to offer an SPP at the same price as the Placement on this occasion.''
    They just raised 50m after a 50% or so rise in a couple of weeks.
 
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