$26mil worth applied for is a good result and shows what confidence holders have in the Company.
What I still don't understand is that if there was such an oversubscription, why on earth wasn't the CR done at 16 or 17c? Would have made a massive difference in dilution, and would have won a lot more respect from shareholders. The discount to VWAP was too large as many have said before.
Love JM and am here for his vision but another one or two of the board members are either out of their depth, or don't have the best interests of SH's at hearts. I sure hope the rest of what we need is funded through debt (which I believe it will be) so we don't have to go through this again.
Anyway, I'm happy that this is over with and we can now look forward to the future. I remain hugely bullish on our prospects!
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58 | 24855155 | 0.006 |
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Price($) | Vol. | No. |
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0.009 | 14828752 | 13 |
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