HAS 3.70% 28.0¢ hastings technology metals ltd

re: Ann: Hastings Completes Tranche 1 of Capi... Hi all, I am...

  1. 324 Posts.
    re: Ann: Hastings Completes Tranche 1 of Capi... Hi all,
    I am confused.
    Is tranche two of capital raising offered to ordinary holders or to sophisticates only?
    If to sophisticates only ceo can go jump for at 50% of share price at time of issue the hair cut is a great disincentive to ordinary holders.
    If issue of tranche two is to ordinary holders, it becomes more attractive and would buy back in to be elligible.
    Either way, glad I bailed.
 
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