Rights issues/spp do take more time but it could have been a combination of placement to instos for cash to meet needs of the global deal plus a rights/spp to loyal shareholders a go at 20c also. They went for $20m and accepted $3m of oversubscriptons. Surely they could have done a straight up $20m placement and a small $3m rights issue. It's the second raising since relisting and shareholders haven't been included either time. Just my little bug bear however I am extremely happy with the company, direction/outlook and current sp.
Rights issues/spp do take more time but it could have been a...
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