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Ann: Phosphagenics $19.3 million Capital raising, page-2

  1. makattack
    34,916 Posts.
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    11/07/14
    09:40
    Post #: 13643869
    So there we have it, pretty much a repeat of the last placement. $16.3mill to sophisticated investors, and $3mill as SPP. Offer is at 8c which is slightly better than I thought they might do. Hopefully they have some announcements now lined up to help soak up the overhang of new shares.
    POH Price at posting: 9.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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