SJ, I do believe I mentioned this sometime ago when we were 'arguing' about whether Aahana was the buyer of those issues on 10 & 11 Jan.
5 day VWAP for 10 Jan issue was 3.967c and for 11 Jan 4.240c. So issue at a 10% discount is nowhere near 3.2c. These do not appear to be in-line with the issue conditions approved by shareholders.
Also, if Aahana were so keen on t/o why stop at 19.9%. I operations go according to plan then the T/O price will be significantly higher than if they launch now. Cheers
Ann: Half Year Accounts, page-58
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