PYM pryme energy limited

Ann: Rights Issue Raised $4 million, page-3

  1. 2,453 Posts.
    lightbulb Created with Sketch. 32
    Nope. It was pretty clear to me. That's what "under-writing" means. If the amount raised from shareholders is "under" the total offered, the underwriter will "write"
    a cheque for the balance! ... What you're proposing would be called something else... Perhaps, "over-writing"?

    Money is in the bank, time to roll the dice, and hopefully for longs it's onwards and upwards!

    Good luck
 
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