Ann: Retail Entitlement Offer Update - additional underwriting, page-9

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Fletch024

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27/11/23

12:37

Post #: 71124127
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Originally posted by jamesc666 ↑

I believe for the retail portion of the entitlement offer, priority will go to first the retail entitlement, then the retail application of additional shares in full, then the underwriting kicks in after.

Doug can only buy at the moment legally as an underwriter because at the current moment, the retail plebes has priority over him.

I think it is both now betting on the management’s ability to commercialise our tech as well as the belief that MABR is the next wave of equipment for the WWTPs.

With only about 3 working weeks till end of 4Q our US$50M BOO contract should drop in soon, the loan from Upwell should be able to release for projects now.

In addition, we were guided a good rebound of performance in 4Q as shown in the presentations. If this continues into 1Q next year, we should breath easier.

I had also taken up my full entitlement and applied for additional shares.

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Thanks Jamesc666.

Appreciate yours and others insights as always.

Fingers crossed this can turn around get above my 17c average. I have taken the full allocation in each raise after my our initial buy in at $0.84 like many others. Just hoping this time is different.

FLC Price at posting: 8.2¢ Sentiment: Buy Disclosure: Not Held
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Last 3.5¢		Change -0.001(2.78%)		Mkt cap ! $37.98M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.4¢	$16.37K	471.7K

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1	29500	3.5¢

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Price($)	Vol.	No.
3.6¢	28000	1

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No.	Vol.	Price($)
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4	156562	0.034
2	315250	0.033
2	320000	0.032
2	500000	0.031

Price($)	Vol.	No.
0.036	28000	1
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