IVZ 1.47% 6.9¢ invictus energy ltd

Ann: Hydrocarbon Samples from Mukuyu-2 Discovery at Laboratory, page-224

  1. umw
    1,729 Posts.
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    i'll give him credit for at least attempting a Rights issue instead of a SPP, it's a more equitable way of raising, unfortunately IVZ did not go all the way and it was non-renounceable

    SI's have had the opportunity to dump shares ahead of the SI raise, then buy back again and then double-dip and participate again in the RI

    a renounceable rights issue for the whole amount would have had a very different outcome
 
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