pitched at 19c, the over-subscription shouldn't come as a surprise.
What concerns me is the term " general working capital ". That usually includes director fees and day-to-day running costs. As an investor, I want to see my money invested in a profitable enterprise, regardless how speculative.
For the launch, I'm still hopeful and keep my holding, but remain cautious of its speculative nature.
- Forums
- ASX - By Stock
- Ann: Placement for $10m Closed Heavily Oversubscribed
pitched at 19c, the over-subscription shouldn't come as a...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)