SPB
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0.00% 0.8¢ south pacific resources limited

Those underwriting funds never came, funny that See posts here:-...

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  1. vontrader
    23,919 Posts.
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    11/03/15
    19:37
    Post #: 14898186
    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 ?
    SPB Price at posting: 5.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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