RGT 4.48% 35.0¢ argent biopharma limited

Ann: MGC Pharma Secures Commitments for $3.5m Placement, page-27

  1. 1,049 Posts.
    lightbulb Created with Sketch. 241
    Sounds like it. It looks like they deliberately pumped the price for the CR. I believe something similar happened before?

    Also, 6% of 3.5 millions dollars will be around $210,000. They paid someone $210,000 cash to raise $ 3.5 millions and the current 1.44 BILLION shares issued will be further diluted by 129 millions newly issued shares. This does not include options issued too...
    Last edited by Sparkz918: 29/04/20
 
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