I've only had a skim admittedly, but isn't this being underwritten by parties related to NM?
Assuming frustrated holders don't participate in great numbers, isn't this just a way of the underwriters being "forced" to pick up the slack and "mandatorily" acquire shares at half the last traded price?
Ann: Prospectus - Non-Renounceable Entitlement Offer, page-8
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.48M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 314769 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 406969 | 2 |
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