74 million shares subscribed for which includes 15 million from the new Hishenk director who advanced $150k earlier.So 49 million subscribed for is poor as expected and saved bythe underwriters.
The language is so poor, again this announcement talks of a further placement.Nothing to inspire confidence at all in a raising when the only news or talk is that they are considering all funding options including a placement!
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Ann: Shortfall on Underwritten Entitlement Issue, page-4
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2 | 884000 | 0.012 |
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1 | 200000 | 0.009 |
Price($) | Vol. | No. |
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0.017 | 101771 | 1 |
0.018 | 850000 | 3 |
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0.020 | 1660000 | 3 |
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