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22.7% 3.4¢ morella corporation limited

Ann: Entitlement Offer closes significantly oversubscribed, page-9

  1. nimbus24
    901 Posts.
    lightbulb Created with Sketch. 101
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    02/12/21
    11:33
    Post #: 58018940
    they are hoping to limit the shares on issue by only accepting the issued offer from share holders.
    Then if the sp goes up over the next 6months they will have a CR at an improved issue price.
    Thus collecting more cash but at the same time minimising the number of shares issued.
    AJM Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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