QFX 0.00% 0.1¢ quickflix limited

Ann: Capital Raising , page-2

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    "The Share Placement comprises two tranches, with the first of 70 million shares at 1.0 cents per share to be settled on September 16."
    Who is the lucky one getting the placement?
    HBO?
    Crede?
    Netflix?

    This will be an interesting part of the structured news flow over the next few weeks.

    "The second tranche of 140 million shares at 1.0 cents per share will be subject to shareholder approval and settle in conjunction with the settlement of the Rights
    Issue".

    "The Rights Issue comprises one (1) new Share for every two (2) existing Shares held by existing eligible
    shareholders at 1.0 cents per Share.
    The Rights Issue will be offered to eligible shareholders, being shareholders who are on the Company’s register with an Australian, New Zealand or U.S address, at
    the close of business on the record date, which is expected to be on or about 25 September 2013".

    Meaning that for the rest of the punters...the only way to buy in at these prices will be....to own shares already.
    (Unless of course they go to this price on market, which will depend a bit on who takes the initial placement).

    "The second tranche includes the conversion of the Company’s $0.9 million in debt into Shares".
    Sounds like Blue Print wants in after all. They should be fairly happy with that.

    Look out for some juicy news to get the SP going between now and 25 Sept. The more the rights issue is in the money, the more people will want in....and the higher the SP will go!


 
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