That makes sense and the amount of money loaned adds up nearly perfectly with the amount it would cost Harlequin for their full entitlement, however it does specifically state in the prospectus that the loan is to be "offset against their sub-underwriting obligation". I would have thought a sub-underwriting obligation would not have included their entitlement shares only any shares that were subject to shortfall. So this is where it starts to become unclear.
- Forums
- ASX - By Stock
- Ann: Fully Underwritten Non-Renounceable Rights Issue
That makes sense and the amount of money loaned adds up nearly...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add K2P (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online