PYC pyc therapeutics limited

Ann: Rights Issue Update , page-3

  1. 35,790 Posts.
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    I'd say it has do with Ascent and their 3.63% holding if they want to participate in the Entitlement issue they'd need an Australian address or otherwise approval from ASIC. Although it seems to imply they want to sell their stock before it goes to the Entitlement Issue and those notes get converted ? Not sure why it's being propped up though like it is with the $6M $0.015 issue still pending and the Convertible Note being converted @ $0.0104. Being propped at $0.02 just doesn't seem to make a lot of sense ?
 
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