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?
The more attractive deal, it is more attractive for BMCG not for...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.7¢ |
Change
0.001(1.04%) |
Mkt cap ! $65.11M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $2.278K | 23.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17728 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 48276 | 2 |
View Market Depth
| Last trade - 14.41pm 04/10/2024 (20 minute delay) ? |
| WKT (ASX) Chart |