re: Ann: Prospectus, Appendix 3B and letter t... Timbin4
I actually think a entitlement date in the future is supportive of the shareprice. What would normally happen post CR is the price drops to the theoretical post Issue value. Maybe low 4s. However if shareholders and those that donn hold can buy on market and with that pick up another 20% of their holding at. 3.5 cents it could actually support
The shareprice. Also ensure that the dude the underwrote the entitlement offer won't actually have to buy any shortfall shares.
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- Ann: Prospectus, Appendix 3B and letter to Option
Ann: Prospectus, Appendix 3B and letter to Option, page-5
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