The more attractive deal, it is more attractive for BMCG not for WKT/shareholders.
BMCG is granted a larger discount and has an even lower floor price. plus they added a liquidity clause which means if WKT doesn't have the required volume being traded, BMCG can refuse to grant WKT the additional funds they require.
Investors would be thinking WKT has plenty of access to the additional US$9.3 yet don't understand the funds are conditional and my not be available when the company needs it.
How is this funding deal a more attractive outcome for shareholders?
Ann: Quarterly Appendix 5B Cash Flow Report, page-17
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11.0¢ |
Change
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Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $4.298K | 38.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 203451 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 230858 | 4 |
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