NEU neuren pharmaceuticals limited

Ann: Neuren Announces Private Placement and Right, page-2

  1. 13,958 Posts.
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    re: Ann: Neuren Announces Private Placement a... Hmmm....

    Positives

    * We have a new cornerstone investor (albeit a big player investing outside of his core area)
    * We extinguish Springtree arrangement
    * Retail holders can participate in the cap raising so avoiding dilution
    * Renounceable SPP (does that mean we can sell our rights?)

    Negatives

    * Funding not exactly accelerating projects but topping up working capital
    * Private placement = 154M new shares (+ existing shares of 433M (excluding options) + 154M = 587M)
    * Theoretically, if all retail investors subscribed for maximum shares does that mean an extra 433M (extra $5.6M) shares (587 + 433 = 1,020B)?

 
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Last
$16.52
Change
0.040(0.24%)
Mkt cap ! $2.089B
Open High Low Value Volume
$16.48 $16.66 $16.28 $1.070M 65.03K

Buyers (Bids)

No. Vol. Price($)
5 190 $16.51
 

Sellers (Offers)

Price($) Vol. No.
$16.53 137 3
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