Sorry Borrys. Couldnt be a Cap Raise to Aahana unfortunately...

Sorry Borrys.
Couldnt be a Cap Raise to Aahana unfortunately because anything over 20% holdings is automatic trigger for take over.
UNLESS
3% accumulation maximum over a 6 month period
OR
Non renounceable rights issue.

aahana have circa 18.6%.
Circa 100mill in rights issue.
Assuming 40% don’t take offer, Aahana get an extra 40mill shares, plus their 1 for 8 (roughly 16-17mill shares).

So by doing this Aahana increase to about 24% or close to 200mill shares.

So so who’s running the ship?? You may ask yourself.
Theres no rush. Don’t bite the hand that’s feeding you. Give them what they want.