IVZ 0.00% 7.0¢ invictus energy ltd

I suppose they went with the entitlement offer in the first...

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    I suppose they went with the entitlement offer in the first place to try and limit the amount of dumping from CR participants and get the shares into hands of long-term investors.

    I wonder what would have happened if they just went out straight for the $25M from an entitlement offer when the SP was 16c.

    What are your expectations on Mangwana Capital?
 
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