JPM Chase holding now 5%, Regal 7% based on 1b shares issued.
There will be more anns coming as more shares will be issued up to 1.8-2b plus the existing ones. RAD could end up having about 2.5b shares and max of about AUD 80m in cash for the "re-start". That would be a sp at 3.2c cash backed, ignoring the entire IP and assets. But as Lantheus sees a lot of value and the instos pured twice as much cash into RAD as initially was sought ( according to yesterday's webinar ) I expect the sp to be way north of that.
Regal could be a concern as they are known to be shorters but as Hopper is putting himself 3m into it, 75m shares at 4c, it needs to be seen if Hopper and Lantheus allow them doing it. Normally shorting makes sense when the sp is at a high and nothing tangible is expected to be announced. Here we are at a bottom, the IP is valued almost ZERO and apart of the time frame everything seems to be ok.
Expect many sub on / off anns as the SoI increases some 5% or 7% holdings will fall below the 5% sub notice rule.
Let's see what holding % Hopper ends up with.
In the end, after issuing all scrip, RAD got new owners. Time will tell whether Hopper will restructure CHM and IMU the same way.
GLTA
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