Ann: Extension of Voluntary Suspension, page-78

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neko

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12/05/20

08:15

Post #: 44563844
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Originally posted by J.W.Pepper: ↑

“We will be monitoring all capital raising activity completed in reliance of the ASX class waivers and also will be reviewing allocations and companies' disclosures to ensure disclosure provided to the market is clear, accurate and meaningful."
Of the $15 billion in capital raised by share placements since late March, the average discount has been 19 per cent, and the discount for an additional $2.7 billion raised via entitlement offers has been 28 per cent."

now that's why there is a hold up, the ASX keep asking BPH - "and you raised at a 13% PREMIUM, are you sure? and the Sophs are o.k with that? shiiit must be a good one, better check it everyday just in case we missed something"

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glad other people can think rationally too
heaps of junk covid19 deals rushed to market with cap raised at big discounts and many made big claims they probably can’t back up

The announcement says BPH requests the extension. The ASX has not suspended them. I am told they send the deal to the ASX then they come back and ask all sorts of questions before it’s allowed out. I’m guessing that because the sophs paid a premium and it’s taking its time this is something big and the ASX have to make sure it’s legit. A small nothing deal would be announced in daily trade. This must be a monster.

BPH Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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