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As you know the shortfall is open for 3 months. Those shares, if...

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Lowkeyinvestor

4,161 Posts.

1411

15/04/24

21:50

Post #: 73357404
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Originally posted by grolph: ↑

Im not sure if you are being serious, as its always difficult to know if people are being genuine.

But if you are, what it means is the amount they receive from the CR will be final.

They are trying to get 1.8 million and so if they only get say 300 thousand, they will probably have to go again soon after to try and raise more. If they do this after the consolidation it will mean you will have your holding already reduced by 10-fold and then the next CR will almost certainly be at a discount to the new consolidated price.

Quite often with CR's there will be financial backer, that when the full entitlement is not taken up by shareholders, they will buy any remaining shares available. Its normally a sign that the CR is seen as a good thing and an opportunity to either make money or increase a share holding.

Its also normally a sign of a weak CR when the company say holders can take up any short fall of shares. Which is happening in this CR.

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As you know the shortfall is open for 3 months. Those shares, if any may find a home.

CNJ Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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