RFX 0.00% 9.7¢ redflow limited

Ann: Redflow secures c$2.5million at 30% premium, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 195 Posts.
    lightbulb Created with Sketch. 10
    I haven't investigated. And I am no expert, but it seems like on the face of it the share price range and liquidity would not have prevented them from buying the same parcel on market at a similar or cheaper price (though over an undefined duration of time, obviously). If that logic is sound, there simply must be a specific incentive to pay the premium and organise the placement, instead of buying on market. That incentive is not disclosed.
    Thoughts?
 
watchlist Created with Sketch. Add RFX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.