BLG 2.78% 3.7¢ bluglass limited

3c, they paid $2M in placement to get their share of ~ 66.6M...

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    3c, they paid $2M in placement to get their share of ~ 66.6M shares (Page 2, Annexure 1).

    It looks like they also purchased around 1M shares on the market (which would be above 3c).

    They might be dodgy (some of their traders actually got convicted for market manipulation), but I don't think you get 6% ownership of (relatively) illiquid share to short it.

 
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