I think that the company is at least trying to keep faith with retail investors.
Consider the following:
Closing date for receipt ofacceptances or renunciations:
Institutional Entitlement Offer: 26 June 2019
Retail Entitlement Offer: 12 July 2019
This means as a retail investor I have until 12 July, 2019 to take up my 1 for 4 offer during which time the market will have had 16 days to play out regarding whether it considers there is value in the Socionext announcement regarding AKIDA. If those who are predicting the collapse of the share price back to 6 cents are right then it will surely have occurred before then and I can allow the offer to lapse. If the price soars as others predict then I can take up as much of the offer at 6 cents as remains available to me.
Seems to be a WIN, WIN for me either way and if not can someone please explain why?
I think that the company is at least trying to keep faith with...
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25.5¢ |
Change
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Mkt cap ! $500.4M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 338805 | 25.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 10000 | 1 |
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