So the fully underwritten for $8M statement is not correct ?Any shortfall would have been if shareholder take up was less than $10.4M - $8M = $2.4M (This amount was exceeded by shareholders) ,correct ? According to the earlier announcement the underwriters would have to cover only $6.491M (which exceeds the $8M quoted as underwritten ) in the announcement of 14/11/2018 .
We now find out that it was really only underwritten to the tune of $5.3M , correct ?
So the "shortfall" is not actually a shareholder shortfall , but rather the CR was really only "underwritten" for $5.3M not $8M as stated in the company announcement of 14/11/2018 , is that correct ?
Didn't realize the English language could be "massaged" this much and not contravene rules ..........are we just not supposed to notice or something ?
Have I missed something , anyone ???
- Forums
- ASX - By Stock
- Ann: Non-Renounceable Rights Issue Shortfall Notice
So the fully underwritten for $8M statement is not correct ? Any...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KIN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online