Good Morning all,
With only 40% of all shareholders taking up the entitlement offer, where they have taken up 70% of the total offer (short fall), I am expecting to see a change of substantial shareholder notice from Twynam.
They held 24mil shares. that only required to invest $300k, this is insignificant to their previous investments in FGR.
We have 3 scenario's.
1. Twynam didn't take up their offer, where we would see a change of sub shareholder noticed due to the 10% dilution of their holding, reducing their holding to under 5%
2. Twynam did take up their offer, where we won't see a change in sub shareholder notice
3. Twynam applied for part of the short fall, where they increased their holding by 1% (approximately $1mil investment) which would be inline with previous investments made by Twynam.
I am hoping for option 3.
Ann: Entitlement Issue Closes Fully Subscribed, page-4
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $36.25M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.5¢ | 5.3¢ | $285 | 5.368K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 84929 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 3671 | 1 |
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| Last trade - 12.09pm 18/06/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.001 ( 3.92 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.3¢ | 18067 | ||
| Last updated 12.05pm 18/06/2024 ? | |||||
| FGR (ASX) Chart |