I'm curious
I thought this was old news, can someone explain to me the following:
How is this reflected in today's volume?
Madison Williams did very, very nicely - I'm in the wrong industry (6% placement fee paid to admin agent, or $1.2m).
Both issues were repriced - there is a clause that the initial investment and the subsequent investment were re-priced (p17, clause 2.5).
So my understanding is Socius may have had to sell down some of their holdings so as not to trigger a purchase of greater than 15% of the company on issuance?
It's awesome that they are increasing their presence but they've done so on very favourable terms. Hopefully this will pay dividends for us ordinary shareholders in the LT.
Downside - if you're reading, some stats on who was buying and selling today would be awesome please!
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