To date AWD has not been able to raise the money yet.
They have up to 3 months to raise this money as of the AGM "Shares and Options will be issued no later than 3 months after the date of the Meeting (or such later date to the extent permitted by any ASX waiver or modification of the ASX Listing Rules) and it is intended that allotment will occur on the same date".
If they cannot raise this money by the end of Feb 2013 then I can see that they will have to discount the raising price or increase the number of options as "incentive".
Either way this does not look good at the moment.
Willing to give a punt on the placement, but the company has to raise the money first.
AWD Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held
