why? There would have been better ways to raise that would have helped shareholders, this helps the people that have been dumping for the last two weeks knowing this was coming, and why the option plus the discount. And for doing the raise of 10 million am I right in saying they will get at least 3 million once options are available? 30% commission nice. This raise could have been done two weeks ago at 20c to shareholders, be interesting to see who was selling last few weeks.
Ann: ICI Raises A$10.5m in Oversubscribed Placement, page-23
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