No - they couldn't try a book build without SH approval as they 1/ need to dilute so much and 2/ they've already used a lot of their allowance for past 12 months. Given the dilution, an entitlement offer was likely their only option.
Note, the time they spent in a trading halt would have been to try and convince existing major shareholders to state that they would participate (as say Hacket has done/stated in the past). No success on that front tho.
No - they couldn't try a book build without SH approval as they...
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10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $27.74M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.5¢ | $3.086K | 27.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 134051 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2134 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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