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15:34
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Originally posted by damosid88:
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This situation is a little bit more unique than a normal CR for a company that has had a short halt from trading. This is because, at the same time as the CR for MYL is taking place, the company is having to negotiate with the ASX about a date for re-listing (and remember the ASX has treated this as an IPO rather than a re-list for whatever reason). The ASX also set the CR price of 70 cents (not the company), the ASX also set the requirement for 300 individual shareholders to participate in the CR/re-listing/IPO and who knows what other hoops the company has had to jump through to satisfy the ASX. I suspect, and this is just my view, the company and ASX will be negotiating making ONE announcement that wraps up all of the above so that shareholders - new and old - can have some certainty about a date for re-listing and the results of the raise. I think it was Protagonist who said this should only be a few days away based on his/her call to the company so I'm OK with all the above being hammered out so we get a clear picture of everything, rather than information coming out in dribs and drabs.
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"The ASX also set the CR price of 70 cents (not the company)"
