i agree. how are they going to raise wnough money???
the Open Briefing states "the placement was oversubscribed forcing us to scale back some investors" . it seems beyond belief that they have turned away capital at a time like this. should they not raise the full amount it will be indefensible. i am a long term holder and i am not confident on the outlook any more ....
i hope they have done sufficient maths by polling top 20 and calculated their likely purchase against the entitlement limits and that has given them confidence.
off the back of the Fuji agreement mis-timing ?? and the small capital raises recently , the Board (and us shareholders) can't afford any more missteps with respect to seeing this company rebound.
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bluechiip limited
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