You are incorrect. An underwriter (Plutus) underwrites the entire $2M. However they appoint a sub-underwriter e.g. Ross McLachlan, to assume some of the underwriters subscription obligation. It is standard process. I assume any shortfall will be distributed on a pro rata basis, but the sub-underwriters will certainly get their share. They may also share the underwriting fee on a pro rata basis. Mark my words, out CEO is underwriting to the tune of $300K. He wants shares. It is absolutely not a weak expression of support but rather an extremely strong indication of confidence.
You are incorrect. An underwriter (Plutus) underwrites the...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KPO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.459M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $980 | 326.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 16613248 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 24946397 | 18 |
View Market Depth
| Last trade - 15.59pm 22/07/2024 (20 minute delay) ? |
| KPO (ASX) Chart |