Am i correct in thinking the major holders were offered a round in the insto raise, and are also offered a second go in the retail 1 for 5 entitlement offer, as i was thinking in my earlier post? If so then Mr Tribe will likely have a massive increase in holding % assuming he took HIS full entitlement in the insto raise?? And is about to take his full entitlement plus any shortfall in retail offer? Just curious if i understand correctly as normally i would expect the insto raise to be offered or placed with new or unassociated investors. In this case seems like a double dip for large shareholders now risk is theoretically massively reduced, and i dont have a huge issue with that as we would not exist without their support for many years.
PYC Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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