They didn't say who picked up the shortfall so we simply don't know for sure. A first sight I assumed it was the underwriter but thinking about Jack's comment earlier I suspect if we reverse engineer the number we get some idea. The underwriter was only on the hook for the first $750k. Entitlements accounted for just under $670k so underwriter would only have been on the hook for the next $80k. Therefore $600k of shortfall shares issues are unlikely to be the underwriter directly. Either over-subscriptions or underwriter placed them.
No special insights about the money being spent. Likely just slowly disappear like the R&D money did.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.654M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 31975625 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 14366964 | 19 |
View Market Depth
| Last trade - 16.30pm 18/07/2025 (20 minute delay) ? |
| BIT (ASX) Chart |
Day chart unavailable