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23,919 Posts.
752
11/03/15
19:37
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Those underwriting funds never came, funny that
See posts here:-
http://hotcopper.com.au/threads/ann-results-of-meeting.2455996/page-2?post_id=14745143
Market was led to believe $1.5M was forthcoming for 30M options with a 20c strike, effectively paying 5c each
As I said, hard to believe anyone would subscribe for them when they are issuing stock at 6.5c with FREE attaching options with the same strike of 20c
A little misleading to not have updated the market. Are we supposed to believe $1.5M is still coming ?
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