yes I thought very smart the 1 to 4. stops retail from offloading to buy back all shares at a 30% discount. looks like tranche 1 20m shares will be issued in a weeks time. There's also 15m con note shares, of which about 5m can get converted anytime soon. ignoring vendor shares they've almost doubled the free float shares. 270m free float gives it 27m MC (10c SP) with absolutely no news. management deserves full credit as well as social media. Amazing how this has risen from the ashes.
Ann: Placement and Rights Issue, page-12
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