re: Ann: Completion of Rights Issue and Notic...
So less than half of the RI shares got taken up. Hopefully the rests can be placed to institutional investors ASAP so we can put this whole thing behind us. There was over-subscriptions with the $5m placement to institutions, so I would expect it won't be hard to place the remaining approx $1.1m, despite the SP currently sitting below 7.5. They realise how quickly 7.5c could be considered a ridiculously cheap entry point.
I like this comment from Greg:
"We are now well- positioned to achieve milestones in our programs that should each drive significant value creation for the Company.”
Also, interested to see what portion of their allocation the management/directors took up
IVX Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
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